To Be Continue to FALL Freely...Or NOT to BE..Ans Lies In Elliot
Bear Market...? 7 RED Daily CANDLES in a ROW...After Covid 19 Since 2020...Basicaly Nifty Index is Thermometer of our Economy..Economy is doing GOOD..Basic Growth is Continuing..only a problem is Soaring Inflation..is that only a thing to have Bear Market..? or Adani- Hindenburg Effect only..? I would say rather its Elliot wave principle...
Time Frame wave Trend Chart Pattern
Monthly 4 th Wave Correction Fake Breakout
Weekly C wave Bearish H & Shoulder
Daily 3 rd Wave Bearish H & Shoulder
NOW, NIFTY 50 IS BULLISH GHODA IN Next WEEK if it breaks 17350 it will below 50 EMA in Weekly...Right now It is taking support at 50 EMA in this week...All good if it continues taking bounce from here ...Otherwise it wil upto 16750...https://in.tradingview.com/chart/g1kZKekP/?symbol=NSE%3ANIFTY
Time Frame wave Trend Chart Pattern
Monthly 4 th Wave Correction Fake Breakout
Weekly C wave Bearish H & Shoulder
Daily 3 rd Wave Bearish H & Shoulder
NOW, NIFTY 50 IS BULLISH GHODA IN Next WEEK if it breaks 17350 it will below 50 EMA in Weekly...Right now It is taking support at 50 EMA in this week...All good if it continues taking bounce from here ...Otherwise it wil upto 16750...https://in.tradingview.com/chart/g1kZKekP/?symbol=NSE%3ANIFTY
Comment:
Dear All...IN Present Scenario There may be some upmove Rallies could Happen in Lower Time frames refering today's Price Action ..After a an Impulse there could a Correction..which is an Ideal situation for Next Upcoming Impulse...so Downward Trend could remain Intact till 18150 as a Good Resistance...so onwards Fair to see How much Correction the Price Could give..or may reverse from here...will let update here..as of now...Be an OPPORTUNISTS...and Trade Good ones...BYE BYE..See u soon..Happy Trading..