Nifty 50 chart. IN this chart we clearly see that market is completed 4th wave .
Last wave is about to complete in some days after that we can see some Bearish move..
We were posted earlier 2days back that Nifty seems following the Elliot Wave. The last leg of Impulsive rally upto E is done.
And today's candle is a Spinning Top.
It seems not good days ahead ... 16200 in card for July Expiry? If Eliot Wave is something to go with. The collective phase upto point-A.
Dear Trader this is Nifty Eliott Wave analysis.
I tried my best to make it accurate as much as possible. You can also check my earlier Eliott wave analysis for Nifty which is almost correct & now I am happy to publish another alaysis.
Trade and Enjoy
NSE:RELIANCE
Hello Everyone
As you are seeing on chart wave ((1)) has been completed and currently we are in wave ((2)) which is Developing in form of (W), (X), (Y).
If this movement sustain than in future we will see a wave ((3)).
So this is a good place to invest in reliance for delivery.
This prediction will take time.......may be few month
Thanks
Neowave Forecast
BUY 58 TO 56.589
TARGET 71
Reason For Buying This Script :
In weekly frame it is forming the Elliott wave it is having good potential to move upward. so we can go for buy.
Now it is in correction mode . Use this opportunity and buy at this levels 58 to 56.589.
once it cross 71 and close above 71 in weekly time frame means next target up to 87 .
Note :...
Buy : 413 to 409
Target : 441 to 449
Reason Buying This Script:
It is travelling in trend line and channel line.
Note:
Once it has close above 449 in weekly time frame , with strong bullish candle means then next target up to 478 to 481.
Above this levels are based on weekly time frame it will take so many days to achieve the target. So be patience.
NIFTY expecting a dip here. Details on chart. SL 12380 SL 2 days closing basis. Hedge if today closes above 12380.
Target min 11885. Potential is more.
DOWNTREND is started,it will make three waves, 2 waves up & medial wave down as a correction !
Then it has chances to follow the down trend!
This analysis is for EDUCATIONAL & INTELLIGENCE pourpose,trade at your own risk!
