Nifty 50 IndexLong
Nfity :Signs of Wave-3 commencement Target 19.8K-20K
Nifty Update: (Signs of Wave-3 commencement Target 19.8K-20K)
Last Month closing Bullish flag breakout on Monthly TF
Current month except a few trading days Nifty closed above 18.1K
Wave-1 completion: Triangle break down of September tops of 18.09K from the lows of 15.1k made in June
Wave-2 completion: Retracement of Wave -1 till 16.7k
Closing above high of Wave-1 (18.1K) gives initial signs for 3rd wave commencement.
Nifty Target in coming session 19.8K - 20K, Wave-3 often extends Wave-1 by a ratio of 1.618:1 (1.618%),
Critical hurdle in up move would be level of 18.5K breaching above this level will attract more participation.
Last Month closing Bullish flag breakout on Monthly TF
Current month except a few trading days Nifty closed above 18.1K
Wave-1 completion: Triangle break down of September tops of 18.09K from the lows of 15.1k made in June
Wave-2 completion: Retracement of Wave -1 till 16.7k
Closing above high of Wave-1 (18.1K) gives initial signs for 3rd wave commencement.
Nifty Target in coming session 19.8K - 20K, Wave-3 often extends Wave-1 by a ratio of 1.618:1 (1.618%),
Critical hurdle in up move would be level of 18.5K breaching above this level will attract more participation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.