Index
Nifty Potential Buy Setup!!Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would stand wrong and Nifty probably is making some other pattern which needs further analysis.
Nifty- Let us solve the puzzle above 8210-Wave (2) continues..Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2).
The depth of the wave cannot be determined in current state & its shape but we will move as the market moves.
Going above 8210 -key level in upcoming session- This wave will extend & can go even beyond 8600 because ((x))-wave extended below the origin of ((w)) -wave which was 8002.
2 features clients could use
- Every previous chart will have load bar facility shown at the right side as arrow -which can be clicked to see how analyst prediction went & how correct he was in his analysis.
-In new & current analysis -one can use the alarm feature which is present in the update name so that one can keep an eye on analyst prediction- if it starts moving as he predicted which will help one to decide whether he wants to trade the setup or leave the same.
Related Analysis attached below
Traded x-wave with double top at 8600 & other analysis.
Nifty Flag Pattern!! Potential Buying Opportunity Coming Up!!Nifty is making a Flag Pattern which is coming near the lower trendline with MACD Divergence.. I would expect the price to go higher from there which gives a potential buying opportunity.. If it break the Flag upper trendline line then My Markets are at the all time highs around 9120. However, if it continues to go lower then I would wait to see what pattern is being formed before taking long positions..
Happy Trading!!