Most probably wave (iv) is completed at 11181 and from 11181-10902 wave 1 of (v) is completed and wave 2 of (v) is in progress and may complete in 11000-11142 range and from there nifty can decline again towards 10902-10836-10782 levels.
The trend analysis done using few major support lines on daily chart , we are looked into major support/resistance trend line of market cycle trend, long term. Sensex channel has touched high value for all three channel, on 3rd June Sensex touched high value trend line (Resistance) continuing since 2009 and also touched high value uptrend running since Oct'18 and...
In Nifty we can witness a selling pressure on current levels....selling on rise will be a good bet....possible levels are 10855-10789-10676.....respect risk....happy trading
Resistance area ahead. Price is showing some bullish strength. Safe traders should avoid entry within the zone. Risk takers can take long trade with strict SL. Watch the lower time frame price action for an exit.
A clear Bullish divergence can be seen on RSI in Nifty Index here today. The RSI is HIGH whereas the CMP or Close on Nifty is much lower from where the red arrow starts. The RSI has crossed the RED broken line. Can long Nifty with immediate support of 10950 ish zone where the monthly and weekly pivot are there.
Watch the red arrow on the price chart and the red...
After hitting my TP 2 on the previous sell nifty order it has retraced back just as expected in the related idea posted below.
My Sell Bias has not changed, Will be looking for selling nifty in the red colored area / break of the TL. Will Target...
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