#nifty50 touches 14049. EW lower + higher TF update
Hello everyone, we were bullish for nifty since a long time, I always suggest predict little, just go with the flow. As a trader, you shouldn't worry where Nifty50 is heading, you just trade the trend. Find opportunities to go in the direction. Look for precise entry and exit.
Right now, longer time frame suggests that the bullish trend is still intact and if sustains above 14055, then doors for 14589 will open.
For the people who do not understand wave analysis, there is a lot to come on upside, you don't have to scratch your head to understand above analysis. Keep it simple.
In a lower time frame, it seems like an impulsive wave has just ended and the bulls will lose some control and nifty50 might dip towards the mentioned support levels downside.
Here is the chart for the same.
Do see my other ideas for highly accurate trade setups and simple analysis.
If you like my charts please give a like and support me.
Regards
Right now, longer time frame suggests that the bullish trend is still intact and if sustains above 14055, then doors for 14589 will open.
For the people who do not understand wave analysis, there is a lot to come on upside, you don't have to scratch your head to understand above analysis. Keep it simple.
In a lower time frame, it seems like an impulsive wave has just ended and the bulls will lose some control and nifty50 might dip towards the mentioned support levels downside.
Here is the chart for the same.
Do see my other ideas for highly accurate trade setups and simple analysis.
If you like my charts please give a like and support me.
Regards
Comment:
Gaps up, opens the door for the upper target. I will look for bullish setup.
