Technical Analysis based on technical parameters (No Noise)
Nifty unstoppable...Bears in hibernation....why not ??? it winters.
As what I observe and analyze Nifty have completed with its 5 wave impulse minor structure...5th wave traversed 100% which makes it to 13777 and what next nifty made a high of 13777.5 and thud...The fall was fast and furious...The wave was a 3 legged structure and now the reversal(UPSWING) what I observe likely to make again a 3 legged structure...which may likely "NO" this I can say 100% will break the recent high... and which may ultimately conclude as a flat pattern...This movement will be on a higher time frame. Lower TF chart indicates nifty on Monday likely to revisit 13520...chart analysis as attached.
Assimilation only for educational purpose.
Trade as per own risk assessment.
Nifty unstoppable...Bears in hibernation....why not ??? it winters.
As what I observe and analyze Nifty have completed with its 5 wave impulse minor structure...5th wave traversed 100% which makes it to 13777 and what next nifty made a high of 13777.5 and thud...The fall was fast and furious...The wave was a 3 legged structure and now the reversal(UPSWING) what I observe likely to make again a 3 legged structure...which may likely "NO" this I can say 100% will break the recent high... and which may ultimately conclude as a flat pattern...This movement will be on a higher time frame. Lower TF chart indicates nifty on Monday likely to revisit 13520...chart analysis as attached.
Assimilation only for educational purpose.
Trade as per own risk assessment.
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