ok before writing some thing please refer to my chart published on august 5th in trading view( NIFTY a simple picture in daily time frame.) I had thrown overall picture of nifty here for my followers and general viewers here. Some of of my my followers (he or she may be) are very hard working I like their efforts. Now a days they are publishing correct Elliot waves earlier their 4th wave was invading the territory of 1st wave. This thing never happens in wave counts . Coming to the point it appears to me the Friday decline in nifty is only 4 th wave pull back of ongoing 3 rd wave. I have drawn a pitchfork ,nifty has touched the median line of the pitch fork. as nifty was rejected at the uml there was 80 percent probability that should touch the median line. It had happened in actual. Now there is probability that it should reverse to the uml again. If this does not happen then it may break the median line it may fall back to next red line. and reversal from that will be powerful. In many of my charts I have shown that previously. If Monday morning any decline takes place buying zone will be 17510 to 17670. with strict stop loss at 17644 as if it is violated my assumption of it being 4 th wave will be wrong as it will be invading to the territory of 1 st wave. Hence let us look for a chance but don't short in that range blindly. Don't forget to like my post .follow me to get updates.
@dhavaltrades, I expect one bounce from there at least. if bounces trail your stop loss. as correction may be complex too to lock if any profit.
Parasuram
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nOT ONLY THE TITLE BUt evveything is wrong.. though you have posted successful posts in the past.. you were never been clear.. first time u r venturing out and saying but at certain level... look at your range ,, that is not suggestion for normal trade but for scalping.. look at ur numbers lots of mistakes.. 17644 stop loss.. i apprecate ur intent .. but no way market is getting back to 17793 in a hurry
gj1108
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@Parasuram i agree with you market will not reach to 17800 soon now there will be good dip on monday
bijoy2526
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@Parasuram, well thanks for your comments. You can never know how difficult it is when market is all time high. what do you mean by clear? Handing over you the levels to trade closing your eyes ?
go though my past predictions they have success rate much more .Sorry if you are blindly looking for levels.. when market is in that range go and short the market. No one can predict market 100 percent. can you? Market is always predicted in terms of probability.
Based on risk and reward.
lgnanasekaran
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Do you expect nifty to bounce back to ATH target?
bijoy2526
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@lgnanasekaran, it is fourth wave pull back. There is another wave upside left. But when difficult to say now.
nileshjaincm
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fantastic. chala jaiseh appneh kaha.
Now ppl who are new here. for start read sir's chart, understand, learn, and then play. i always rely on his chart pattern. ekdum perfect it comes.
bijoy2526
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@nileshjaincm, Thanks earlier bounce was perfect but level was little below that and towards the end it perfectly touched lml of pitchfork