Nifty - Is this a wedge ended at 14151(Target-14985)

Apr 22, 2021

If the Answer is Yes then get ready as our final target upside will be 14985 in days & week ahead. & do not forget to book partial profits close to 14500 / 14645. Thanks

Do not trade if Index slips or cannot hold 14200 levels

Apr 22, 2021

Note

12:05 Hrs / 22nd April2021

Last @ 14289

Recent High @ 14330

Never ever trade on emotional grounds -this is the most important rule of trading.

Short Term High @ 14330 has to be crossed upside if Index heading to 14500 - 1st target else below 14300 - traders have to be cautious.

Apr 22, 2021

Note

23:40 Hrs / 22nd April2021

Alternate Scenario

Got the upside push from 14275 to 14400+ Day high @ 14425 - Markets are volatile & any correction coming next if fails to halt or hold 14285 / 14300 zone - It can be a sign where traders have to be careful. Falling below 14285 & taking out 14200 it confirms higher possibility of a new low below 14151 in the form of alternate scenario where wedge is yet to complete downside

Main count / scenario

It corrects & takes support in 14285-14300 & bounces upside -later crossing above 14425 high- expect upside target 14500 / 14645 & 14985 -final target as mentioned in the main idea

Apr 23, 2021

Note

15:15 Hrs / 23rd April2021

Last @ 14343

What candlestick pattern did you get ? ----------------right in the zone - 14285-14300 suggested last night yesterday

Day Low @ 14275

Apr 27, 2021

Trade closed manually

10:26 Hrs / 27th April2021

Last @ 14550

Partial target achieved at 14500+ ----------------------------Idea is closed. Thanks

May 20, 2021

Note

12:27 Hrs / 20th May2021

Last @ 14990

Nifty support zone 14850-14875 - If Index halts or stops book the profit as holding above 14850- it can reattempt upside levels of 14136+

May 20, 2021

Note

Correction - upside levels of 15136+ in above statement

May 20, 2021

Note

15:21 Hrs / 20th May2021
Last @ 14908
As suggested last in morning #Nifty Index has support 14850-14875- Current low – 14885 – Just missed by 10 points but an amazing session today as we together got the fall from 15020’s to 14885 – drop of 125+ points
Hope you enjoyed the session