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NeeteshJain NeeteshJain NIFTY, 240, Long ,
983 20 13
NIFTY, 240 Long

It is been observed on a hourly chart that the price action was correcting in a flat correction as per the Elliott Waves principles. It is a three waves structures marked as A,B,C. Now, after the completion of the sideway move or a flat correction, the price action moved sharply up to previous resistance levels but failed to break it and then retraces above the C ...

nextgen nextgen NIFTY, D, Short ,
83 0 1
NIFTY, D Short
NIFTY may retrace to 8630.

NIFTY has been struggling to fine further direction,it seems, it has to retrace from this level to short term support around 8630 in the coming week, if it doesn't break the 8841 level. go short keep SL 8845.

81 0 0
REC Rectangle Top Reversal

Simple classical Channel short trade is possible. Stop Loss above the high made recently and target is open depending upon the patience of the trader however the target of Fib .618 to .786. level seems to reach quite easily.

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