Nifty Budget Rally DueNSE:NIFTY
Completed Triple Zigzag Correction form High near 19000
Broader Market stocks are showing strength. Rupee strengthening.
All factors pointing out Budget Rally is on cards.
ELLITTWAVES
Nifty Wave ForecastHi Traders
Lets talk about nifty today, as you can see nifty is fallling for last 2 months which was expected as per neowave counts.
I am bearish in nifty from 18200 as you can in my previous nifty trading idea.
But whats now, thing is trend is still bearish for two weeks in medium term cycle. From here we can expect another downward fall as per neowave structure.
Though in short term there is a possiblity that we will see an D and E wave also. before moving downward. If anything changes in structure i will update here.
Thanks
Manish Singh
Wave Forecast
The price can be fall in downward by using EW, NIFTY 50.Do you ready for correction in NIFTY 50?
The Wave (iii) almost moved into the "Ride Extended" wave. The price expecting correction(fall) very shortly after completing wave(iii).
In the Corrective-Phase, you have 3 patterns:
1. Flat,
2. Zigzag and,
3. Triangle.
I've applied here "( CHANNELLING )" which is one of the techniques to determine the upcoming direction of the trend:
1. Target Price: 17338
2. Target Price: 17174
For more confirmation, the retracement is useful here to decide wave (iv). Within a few hours, I will update RETRACEMENT on this post.
I don't suggest trading without understand the " Wave counting trade setups ".
------- My Previous post was Successfully predicted as usual : --------
Thank you.
