Hello Traders!
1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf .
2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern.
3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever...
Nifty taking support at previous broken resistance zone
If able to sustain, it may edge higher
16750-800 may act as strong level in coming days
If holds then may edge towards 18100-150 zone again
Buy near support
Nifty looks good to buy with great risk-reward with keeping 17510 as SL for upper marked targets with white lines.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
clean breakout on 15 mins time frame on nifty however retest pending
safe traders wait to enter long position best level to enter near 17920 SL 17750 Target 18350+
long position holders book above 18200 buy on dips target 18350,18600
avoid shorts until nifty holds 17750 ie, strong support for this month jan expiry
once broken retest 17600,17400 might possible...
Tata Motors looking to recover strongly with the market and one can buy above 296 with the targets of 300-304-308 on intraday. A strict stoploss is advised below 290.
This is the 12 Months chart we see 5 Wave Upward Impulse is complete;
We have gone in the Lower degree further into the Monthly chart;
The Lower Degree for the Monthly charts is The Daily chart hence we are verifying the Wave A (Monthly) in The Daily chart;
Here we see Wave A of Monthly chart is a Flat structure ( For reference please find out what...
