Normal projection of wave C could be a reversal range in nifty for high above 11118. To find out exact reversal we need to concentrate on the decline from 11118. will update here...
For Bull View Nifty will have to move fast above 11118, any delay below 11118 is a warning for bulls. Nifty if could not sustain 10913 level then it may fall in the range of 10534-10334 as wave C as shown on chart.
NIFTY 50: WEEK-TECH-SHEET-> 04th February 2019 to 08th February 2019 Nifty 50 moves around + 303.95 pips from 04th February 2019 to 08th February 2019, in which nifty 50 break last week 28th January 2019 to 01st February 2019 top 10983.45 If it continuous to break 11118.10 Buy @t Entry: 11125 Stop Loss: 10925 Target 1: 11175 Target 2: 11191 Target 3: 11225 Target 4: 11325
Irregular correction at from 10629-10987 is indicating bounce above 10987. And if Nifty trades above 11065 which is 123% projection of 10534-10923 then it can further bounce sharply towards 11700. OR IF nifty declines back from 10987-11065 level then one more decline is possible towards 10584-10534. Wave count of Pattern here(Left...
I would like to wait till the pattern given in ellipse is clear. As of now this pattern has multiple possibilities which is not good for swing or positional trading. So try to catch small pattern for intraday trade. Have a safe Trading...
If Nifty bounce towards 10880 and above before 10:00 AM then only we can think of upside above 10987 otherwise Nifty may fall towards 10600.
Hello all there is short term buying opportunity in the market, Kindly use this Recommendation for trading or watch this move. NIFTY INDEX : Buy - current price, SL - 10690, Target 1 - 11000, Target 2 - 11100, Target 3 - 11200 Buy Call options in NIFTY INDEX. Strike Price - 10900 to 11200 and for exit watch NIFTY spot stop loss and target. Buy NIFTY FUTURES...
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.
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).
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.
It seems an impulse wave completed from 10985-10535 and wave started from 10535 is also showing impulsive personality as of now. wave (C or 3) is projected more than 161%. Now 38% retracement level is important to watch which is coming at 10687. If nifty decline in this range(10710-10687) with corrective pattern then we can see one more bounce as wave (5). Trade...
Description is given in chart.
Positive divergence in MACD and bounce from trend line support indicates of a possible bounce back. Expect good short covering if Nifty sustains above 11040. For detailed resistance and support levels, refer to my under linked analysis of 15 Minutes Nifty Chart (Click on the chart to open)
nifty is going for a pullback.Has the potential to go 11020.safe traders can book profit at 11235.ONE HOUR CANDLE SHOULD CLOSE BELOW 11550
Hi , Need help from Neo wave Specialist : What are the price and time similarity in neo wave 7 legged diametric if anyone can let us know that would be gr8. Vertical price bar marked as leg a-c-e-g (currently g leg happening) Pull back from top of previous veritcal to bottom of next vertical are b-d-f legs (6-7 days) If g is longest leg than nifty targets can...