MOTIVE WAVE STRUCTURE(IMPULSE) + CORRECTIVE STRUCTURE
Hi friends,I thank all those who liked my previous works and encouraging me to come with more analysis.I also thank those who spent time to visit my analysis and those gave positive statements in the comment area.
Today I m posting my analysis on Nifty50 index chart as below:
View:
Nifty50 appears to be positive for the moment...
Supporting pattern/structure :
# On the left hand side I see a zig zag pattern (A-B-C) + Impulse + 3-3-5(corrective structure) + Impulse + correction in progress
# penetrating the invalidation point will invalidate my view.
Trading plan:
Entry- in support zone as per one's entry method
SL ----- below invalidation point
Targets- as shown in the chart
Today I m posting my analysis on Nifty50 index chart as below:
View:
Nifty50 appears to be positive for the moment...
Supporting pattern/structure :
# On the left hand side I see a zig zag pattern (A-B-C) + Impulse + 3-3-5(corrective structure) + Impulse + correction in progress
# penetrating the invalidation point will invalidate my view.
Trading plan:
Entry- in support zone as per one's entry method
SL ----- below invalidation point
Targets- as shown in the chart
Trade closed: stop reached
closing the trade as nifty breached the invalidation pointNote
#NIFTY 15 MIN (FOLLOW UP)NIFTY CAN BOUNCE FROM THE ZONE 14379-14265
Note
DETAILS IN 5 MINS CHART:
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