Nifty 50 IndexLong
Nifty impulse wave count and conditional upside breakout point
Nifty came down in Zig Zag wave with C wave reaching 14650.
This is important support near trend line, interestingly that is near 0.618 Fibonacci level
Until 14782 gets broken there is no upside confirmation.
Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+
Bearish below 14460 so 14782-14460 is no trading zone.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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This is important support near trend line, interestingly that is near 0.618 Fibonacci level
Until 14782 gets broken there is no upside confirmation.
Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+
Bearish below 14460 so 14782-14460 is no trading zone.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE or Comment)))))-------
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