Nifty 50 IndexUpdated Nifty view via AB = CD on Daily and Hourly
Hello traders
Nifty Analysis via AB = CD pattern
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hourly AB = CD
target "C" is still pending
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Daily AB = CD
target "C" is still pending
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on Daily around 3 closing happened below previous swing low 23263
so its very much possibility that we are not crossing 24860 which is point "B" in hurry
but due to some big economic and political events are in less than one month so some big volatility possible
Nifty Analysis via AB = CD pattern
-------------------------------------
hourly AB = CD
target "C" is still pending
-------------------------------------
Daily AB = CD
target "C" is still pending
--------------------------------------------------
on Daily around 3 closing happened below previous swing low 23263
so its very much possibility that we are not crossing 24860 which is point "B" in hurry
but due to some big economic and political events are in less than one month so some big volatility possible
Note
Disclaimer :- Technical Analysis Charts provided for research and study purpose. Please be aware of the risk's involved in trading & seek independent advice, if necessary.Note
technically market is in Sell ON Rise mode
so any upside near 24850 is a great selling point with a small stop loss of around 2% like 25250 on closing basis
Trade active
300 point profit running Note
400 point profit running Note
hourly point "C" Achieved
now 450 point profit running from posting this trade
Note
accurately 0/0 hourly target 22826 achievedNote
after achieving hourly "C" point 22826
mkt bounce back today from their for short covering
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