Nifty Neowave ForecastHi Everyone
This is an nifty Short Term and Long Term forecast. The upper image is an short term view in which forecast will be changes as the price will progress. As you can see on chart we have started an bullish sequence as long as we are above invalidation level for respected medium and short term counts sequence.
As you can see in below long term chart, but we are near major resistance of 18115 and this is the high of April month, so price need to break above it for the confirmation of bullish sequence. Otherwise we can see LC 5.
To read our Neowave charts use the below image.
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Thank You Everyone.
Neowavenfity
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