It seems an impulse is completed from 10535 to 10923 which could be wave (A or 1) and wave 10923-10629 can be (B or 2) and now 100% and 123% projection of (C or 3) is coming at 11017 and 11109 respectively.
NIFTY 50: WEEK-TECH-SHEET-> 31ST December 2018 to 04th January 2019
Nifty 50 moves around – 294.95 pips from 31st December 2018 to 4th January 2019, in which nifty 50 breaks last week 24th December 2018 to 28th December 2018 top 10893.60
As mentioned on reference 19th December 2018 evening order
If it continuous to break 10985.15
Buy @t Entry: 10990
Stop Loss:...
Wave started from 10535 is completed at 10923 as an impulse and now retracement levels are given on charts and from that levels we may see bounce back as wave (C or 3).
NIFTY 50 2018 RECAP
nifty 50 performed only + 3.29 % for the whole year, in which 28th august 2018 top 11760.20 consider to the year top where as 23th march 2018 low 9951.90 consider to be year low. nifty completed (+ or -) 1808.20 pips which seems to be range bound, for the upcoming year 2019 if nifty 50 breaks 28th august 2018 top: 11760.20 and sustains above...
As shown in chart an impulse started from 10535 is almost in its completion range. Maximum upside projection is coming at 10896-10925-10949(shown by ellipse) range. From that range we may see corrective wave downside of 140-180 points.
NIFTY 50 REBOUNDS
Nifty 50 starts below previous day 24th December 2018 low 10649.25, completed positive around + 212.95 pip
which breaks previous week 17th December to 21st December 2018 low 10738.65 but still did not break 24th December 2018 top 10782.30
If it breaks 10782.30
Buy at entry: 10784.00
Stop loss :10534.00
Target 1: 10846
Target 2: 10867
Target...
NIFTY 50
Nifty 50 moves around + 76.45 pip which breaks previous day 27th December 2018 top 10747.50,
Week analysis : nifty 50 completed + 359.05 pip from 24th December to 28th December 2018 which seems to be bullish but did not break previous week 17th December to 21st December 2018 top 10985.15 it is better to wait for nifty 50 to break 10985.15 as we mentioned...
If Nifty bounce from present level then 10878-10949 is target range where one can sell after identifying pattern with good risk reward ratio.
Buying Range is 10769-10730 but stays below 10730 is a negative sign.
NIFTY 50 OPTIMISTIC???
nifty 50 starts above previous days 25th December 2018 top 10747.50, complete negative around - 69.75 pip
continue with reference 26th order
If it breaks 10782.30
Buy at entry: 10784.00
Stop loss :10534.00
Target 1: 10846
Target 2: 10867
Target 3: 10909
Target 4: 11034
I have been tracking the longer time frame channel for NIFTY and that channel ( Red marked ) Have held on in the past on many corrections including the one that we had during start of 2018.
Now since the channel has broken we have pushed back to the lower end of the channel thrice, including the current peak, but have failed to break through.
Now in the past...
As of now I am not showing overall picture but from 10985 it seems an impulse is started and currently its in 5th wave. minimum projection of wave 5 is already achieved and maximum level of wave 5 is coming at 10592. so from this range we can see a bounce of 85 to 145 points in Nifty.
nifty 50 moves around - 133.05 pip and breaks previous week 17th December to 21st December 2018 Low Point 10738.65 which seems to be bearish
as mentioned on reference 19/12/2018 evening order
if it continuous to break 10985.15
Buy @t Entry: 10990
Stop Loss: 10890
Target 1: 11015
Target 2: 11023
Target 3: 11040
Target 4: 11090
It seems 5 wave moves is completed from 10334 to 10984 which can be wave C or wave 1 of bigger 3. As of now 10825 is important level for upside reversal. If we found corrective pattern from 10739 to 1092-10825 then one more low below 10739 is possible but if stays above 10825 with impulsive pattern then it will be a good sign.
nifty 50 moves around - 246.50 pip this week from 17th December to 21th December 2018 which seems to be bearish, if it should continue positive it is better to wait nifty 50 to break 10985.15
as mentioned on reference 19/12/2018 evening order
if it continuous to break 10985.15
Buy @t Entry: 10990
Stop Loss: 10890
Target 1: 11015
Target 2: 11023
Target 3:...
Starting from 10334 it seems currently we are in (iv) of (C or 3). wave (iv) retracement level 10740-10693 can be buying opportunity with stop loss of 10655(Not so accurate). From that buying range nifty can bounce up to 10838 and further it can also extend up to 10865-10941.
If Retracement levels will come(with Corrective pattern) then it will be a buying opportunity with stop loss of 10622. This retracement levels will change according to new fresh high of tomorrow.
If impulse started from 10494 is wave C then it will not go much higher above 10780.
OR
If impulse started from 10494 is wave 3 then...
