Corrections over the video
11125-11140 as tops instead of bottoms
Target of 11125-11175 instead of 12125 -12175
Most of The Exit Polls Suggesting Landslide Victory to NDA in Elections 2019 - Being Wave Analyst -I had drawn my conclusions when 10585 -Magical double bottom was formed in Feb 2019- Let us see what the next dawn has stored for India.
NIFTY is trading in a falling channel as we could observe from the chart. Immediate support lies at 11615. Fibonacci extension (1.618) of previous upswing between 11769.5 and 12000 (as marked in chart) falls at 11626 which more or less comes in at same level.
Technically, even though we could see patterns like Head & Shoulder and Rising Wedge whose targets run...
Nifty Buy Between 11750-11740 Stoploss 11695 Target 11850/11900 Reasons For Trade-1.Nifty Has given channel Breakout on 15 minute chart as well as on Daily Chart. 2.Strong Bullish candlstick pattern formed on daily Chart.3.On Daily Chart Candle Has closed out o the channel. 4 Price has taken strong support on daily chart on 50EMA. 5.Risk Reward Ratio is 1:2
Following trend channel price is making LH&LL therotically price is heading to downward and level 11573 can be achieved easily but the market always being tough and nothing comes easily so having an opposite opinion not bad. I'm seeing some confluence at 11876.