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Correction

EW on NIFTY- Fall 1700 points or more? Where?How do you determine the end of the Throw-over(under)? The price is upper trendline & recent volume is declining which is an indication that the End of The wave will meet . But this chart has not volume data cause of spot nifty. You can check out volume changing into future nifty. Let's try to look closely sub-wave of Primary Rounded donated 1 W. The parallel channel is connected 1 & 3 upper bands and for lower band connection by 2 & 4 but, 5th traveled the price upper trendline which 5th Wave throw-over. Now for the Primary Rounded Cycle, the price is traveling the upper trendline. In this scenario, we can see the price has surged after the 4th of throw-under. End of this Throw-Over, we clearly assume that the correction will be huge or after little price rotation. This correction can be 1700-2500 points or more than it!
NSE:NIFTYShort
by Trade-Technique
33
MARKET WILL FALL!!!!!! BULL MARKET OVER OR CORRECTION?All the things I want to say is mentioned in the chart, please read it carefully. Besides that, Reason to this fall : 1.MARKET HAVE A STRONG SUPPORT IN THE MID RANGE OF 26500-26600. So we can expect fall up to that. And as per logical TARGET FOR A #RISINGWEDGE PATTERN is 2L , which is exactly DOUBLE of length L mentioned on chart. 2. RSI is showing above 70, which is signal for reversal. 3. MARKET and RSI are both moving towards different direction of each other and RSI DIVERGENCE created. DISCLAIMER: This is my personal view and I have booked my profit in finance sector TODAY. DONT TAKE DISCISION BASED ON MY IDEA, KINDLYTAKE A ADVICE FROM YOUR FINANCIAL ADVISOR. I have also publish BULLISH idea on NIFTY as well as NIFTY BANK month ago in OCTOBER. According to that , Hope You might have enjoy NOVEMBER MONTH well.😊 You can visit my IDEAS Section for more analysis. This is only TEMPORARY CORRECTION in the market , which will run for DECEMBER AND JANUARY. You can see MARKET TURN-AROUND AT 26500-26600 ,(act as AS A SUPPORT) , which we will see around JANUARY END.
NSE:BANKNIFTYShort
by BeuniQEBusinessHub
6