Nifty - Bounce & Collapse (Buy & Sell)

Updated

Buy - Strictly Holding Above 14590 -14600 for 14765 (Target 1) & 14850 (Target 2)

Sell - If Index pushes upside into the zone 14850-14900 zone & halts or stops with strict stops above 15000+ for downside 14590-14600 (Target 1) / 14260 (Target 2) / 14050 (Target 3)

Happy Weekend
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Last Idea
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Nifty - Corrective Wave + Bearish Bat (Selling Below 15045)

Trade active

10:15 Hrs / 17th May2021

Last @ 14810

Buy Call - Target 1 @ 14765 done & pushing upside for Target 2 @ 14850 suggested in the main idea.

Trade closed manually

08:47 Hrs / 19th May2021

Buy Call - All the targets achieved

Sell Call - Stops were hit above 15000

Traders have to be careful every time it starts falling below 15045 / 15000 levels as it can be a trap on upside at the moment.

Bullish Scenario is valid only above 15000 levels.

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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