Classical Chart where you can see internal counts very clearly. Structure is still bullish and 10200 is the strong and ultimate support now.
It seems we have a Running Flat in Wave 4. Structure is looking quite bullish.
While it’s not always clear why a time and price symmetry identified a market turn, such symmetries do indeed exist.Gann , considered the squaring of price and time his most important discovery . He called it Price & time squared.However, the proper application can be tricky. Markets are enigmas, and this attribute demands a great deal of flexibility when...
Levels are on the chart. Expecting the end of PB and continue the run.
My analysis for going short today on 14 Jul 2020 at close. View invalid if Nifty closes above 10900. My initial target is 10300. Target may increase depending on who fast and strongly 10300 gets broken.
Buy above 346 with a SL closing below demand zone.
Both CNX FINANCIALS & NIFTY PVT BANK indexes have made Bearish Harmonic AB=CD which also happens to be v close to their weekly & monthly Ichimoku resistance. Financials could retrace till 10500 while Pvt Banks could retrace till 11500. View would negate if they move and sustain above 11500 & 13100 respectively.
#Nifty #Nifty 50 #banknifty View for today
Either Range Breakout or Inside Range Trade