Nifty appears to be forming WXY correction which might end at around 13803... Currently it might be forming the B leg of Y which could go around 14570 to 14670 which are a stong resistance area of .500 and .618
Moreover the structure also appears to be forming Harmonic Bat at 13806
Just a view of mine... could be wrong too...
Moreover the structure also appears to be forming Harmonic Bat at 13806
Just a view of mine... could be wrong too...
Trade active:
the Y(B) leg is in progress and the next Y(C) could be an impulse wave till 13803 & if it skips, may go till around 13600 level...
the level 14250 is a strong support zone.... there is a 3 wave correction which has ended at level 14250 but then taken another corrective view... be aware of it
time to accumulate good quality stocks once correction ends
the level 14250 is a strong support zone.... there is a 3 wave correction which has ended at level 14250 but then taken another corrective view... be aware of it
time to accumulate good quality stocks once correction ends
Trade active:
technically a 3 wave WXY correction has ended at 14280 but the recovery was not as swift as it suppose to be..
from 13280 it more looks like an Expanded Flat (3-3-5) which might go up-to 15167-15413
from 13280 it more looks like an Expanded Flat (3-3-5) which might go up-to 15167-15413
Trade active:
currently the A leg is in progress of Y and may retraces up-to 14325 and looks for Y(B)
Trade active:
definitely on its path.... brace yourself
Trade closed manually:
it took the support of 14250 which might have likely ended the correction... however, the impulse uptrend is not upto the required pace... fresh view will be given..