Nifty 8400. Made a high 8461 with a Dark cloud cover_go for 8282
Nifty 8400. Made a high 8461 with a Dark cloud cover on top, having negative divergence in MACD, can correct to 8285 _8230 level. If my count is correct, with the 5th of C is extended more than 62% the correction could be steep & swift.
On the other hand the scenario is bullish above 8228 as external influences could be positive and we all are expecting a per-budget rally, the 3rd quarter release started, which cannot be very bad. Why I am thinking this way is that the entire move from the 7893 is attaining strength now more over it shows the 3rd wave behavior so far. If we are still in the 3rd, it can reach further high.
My point is to bring caution while going down or shorting, to keep a strict stop loss. Because, I know my trade, others who believe me, won’t be get prepared well, to meet an emergency. The story cannot be narrated transparently to the reader, even if I wish sincerely, as the market is ever evolving and changing so dynamically. Caution for 18th WED & 19th THU.
May the trade be in your favor.
On the other hand the scenario is bullish above 8228 as external influences could be positive and we all are expecting a per-budget rally, the 3rd quarter release started, which cannot be very bad. Why I am thinking this way is that the entire move from the 7893 is attaining strength now more over it shows the 3rd wave behavior so far. If we are still in the 3rd, it can reach further high.
My point is to bring caution while going down or shorting, to keep a strict stop loss. Because, I know my trade, others who believe me, won’t be get prepared well, to meet an emergency. The story cannot be narrated transparently to the reader, even if I wish sincerely, as the market is ever evolving and changing so dynamically. Caution for 18th WED & 19th THU.
May the trade be in your favor.
Comment:
Next support is 8314.
It is correction till 8265.
It was expected a swift n steep fall.
But it delayed means, there is serious mistakes in count.
If it was a 5th wave extention we saw up to 8417,,, then the extent ed 5th must
Correct fast, which didn't take place. I will come up with fresh energy.
It is correction till 8265.
It was expected a swift n steep fall.
But it delayed means, there is serious mistakes in count.
If it was a 5th wave extention we saw up to 8417,,, then the extent ed 5th must
Correct fast, which didn't take place. I will come up with fresh energy.
Comment:
@vanathi
We are going to see that now. It is not delayed any more.
Are we not hearing the sound of silence?
We are going to see that now. It is not delayed any more.
Are we not hearing the sound of silence?
it is believed that an abc correction is started from 8417 and the the spike like 8461 etc are irregular internal waves.
Resistance 8421
supports are 8363_8314_8265