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Niftydirection
Apr 30, 2021 9:35 AM

Nifty to start 5th Wave towards 15100 Long

Nifty 50 IndexNSE

Description

This is internal move of nifty we can call iii of 3 completed at 15044.

Wave ii was shallow and complex
Wave iv is zig zag retraced nearly 0.618 Fibonacci
Reversal expected near 14605
Stop loss is top of wave i which is 14557
wave v of 3 is expected to go towards 15120 levels

DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis

I may or may not trade this analysis. Details in description.

Trade closed: stop reached

Comments
Upen1973
There is a greater possibility Nifty will touch the previous low of April 22, 2021 this time.
Niftydirection
@Upen1973, may be Monday will clarify bit more
amitb9081
great
sivaramvt
Awesome.
vinay91098
Great Analysis bro, you rocking based on my theory fii will sell
snehaldharmik99
Very nice explained
tejay20
Superb analysis
Nandi7777
You r genius. It's amazing..99% analysis successful. It's my luck to be in Ur shadow... Definitely You will touch the heights one Day...
Niftydirection
@Jaguar124857, Thanks sir
swapnilpanchgade
superb
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