Nifty has filled the gaps. It has a very active gravitation line where price activities are on the bulk.
According to wave principle, corrective waves form in deceleration and, impulsive waves break the declaration channel.
If nifty breaks the corrective channel, we may see an upward move. Otherwise, the price will continuously form in the corrective channel.
Nifty retracted on the control line of the parallel channel C.
If nifty gives channel breakup, we can get our price targets. Or price will be remaining in the channel.
Click here to check the main idea:
If nifty breaks the upper band of the parallel channel, our following targets will be.
Nifty can remain in a parallel channel (PC) before further advance. That can be up to support line of PC (B) or control price.
Anything can happen here on in nifty. This is a crazy bull run. Be open-minded and lean towards both short and long. Don't think to short the market, perceiving it as overvalued and over run. Take the stop losses.
On the chart, there are levels and targets for both longs and shorts. Keep the stop loss as per your risk appetite.
Happy trading :)
This is just...
looks like nifty is ready to top out expecting a final push up towards my marked prices somewhere around october to complete wave 5 from covid lows which is wave 5 of higher degree from 2008 lows and cycle wave 3 . After that expecting a bottom in my white box around Q3 2022.
What Is a Double Top?
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.
Or in simple words...
A double top is a bearish technical reversal pattern
It is confirmed once the asset's (Banknifty's) price falls below a support level equal...
Nifty is unfolding in a five wave advance from the lows of 10790 where it completed wave4 , within this five waves of the fifth wave it is currently in the third wave of one lower degree and its projected target comes around 12060-70 odd levels which will be 1.618 times wave one of the same degree. Support is placed at the lower end of the channel around 11800 -...
nifty levels for 24-6-2020
the white lines are waiting lines and green for go and tgt
and red lines are for short
if gap up or gap down then these lines act as support and ressistance so watcch the price action on the lines and go for trade for example if gap down and the price supports @ the red line and price action indicates buy you can go for buy...
nifty levels for 16/6/2020
note 9600 is strong support and 10000 is strong resistence
the levels which i have marked on the chart can be reversal also use your price action knowledge and trade safe
nifty in the still not bullish nor bearish just note the range and trade safely
just follow the market don't be bullish or bearish ...let market go on its direction we will trade on its direction an take profit
just follow the price action
coming to the point ; the range for nifty in this week could be ;
the upper price limit :10200
the middle upper...