TradingView
imkhushal
Jul 14, 2022 3:45 PM

Nifty 50- Chart update 1HR Long

NSE:NIFTY60
Nifty 50 IndexNSE

Description

⋅
All rules of Leading diagonal is followed in Nifty. The correction may be deeper in case of Leading
Diagonal, generally the retracement for a diagonal is supposed to be in the range of .618 to .786.
The range between 15400-15600 is a good zone to accumulate. Long may be initiated near the rectangle shown.
Please do your analysis before opting for a trade/investment.
Regards

Comment

⋅
Please go through the updated chart

Comment

⋅
Our Zigzag Expectation has been invalidated.

Now we can expect an Expanding Flat for necessary correction of .618x Level still valid: 15660

Comment

⋅
DAILY CHART
Wave AnalysisTrend AnalysiselliotwaveanalysisLeading Diagonal
Comments
johntradingwick
⋅
This publication has been chosen for the Editor's Picks and will be featured on in.tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the Tradingview community and keep up the good work!
Djay2308
⋅
Till 1/A it's perfect brother..
After that how I see it is

i is (a)
ii is (b)
v is (c) thus completing 2/B at today's low 15858

Now ongoing wave is C
It will be confirmed once we breach 16275
mavanivikas99099
⋅
@Djay2308 bro divergence r not form between 3rd and 5th wave so invlid
yogikumary888
⋅
@Djay2308 can nifty reverse 16275....?
Djay2308
⋅
@yogikumary888, if we breach 16275 then we can confirm wave C has started from 15858 and nifty target should be 17400+
dnahar
⋅
@Djay2308, this still seems like an extended flat which are common, wave C is yet to come expecting 15634 soon
abhitrader31
⋅
16300 already here. Next is 16600.
bkparmar306
⋅
@abhitrader31 what about tomorrow?? cross 16300??
yogikumary888
⋅
what is range of resistance 16220 or 16280...???
please reply us
More