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
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...
This for Analysis only and not a trade recommendation:-
Looks like the Indicator has worked absolutely perfect matching the arows, next immediate support being 10630 (nearby +/- 50 points) and the next move Maybe UP Side and Nifty go up side,than next few day Nifty touch 10800,10900,10950 level
NIFTY not support Indicator and trend line ,and Broke the trend...
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:...
nifty 50 moves positive around 57.15 pip which breaks previous day 10915.40 as well as previous week (from 3rd December to 7th December) top 10943
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
Wave (v) in blue color is in extended zone and wave (v) in red color will be in extended zone after 11016. Maximum projection of both these waves are coming at 11071.
So we can conclude that from 11016-11071 range small or big decline is possible. This decline can be 45-75 points or it may be 120-200 points.
The only confusion for that decline is because of the...
Nifty seems to have reached the level and could give a good short trade. There are multiple resistence in different Time Frames at 10840 level so it could be a good idea to sell Nifty at this level by providing the SL of 10920. One can look for a target of 10600 which offers a potential of good 240 points and a reasonable risk to reward ratio.
Disclaimer : All...
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.
This sharp decline from 10941 to 10334 is seems like personality of wave C. And recovery towards 10941 after that sharp fall is also indicating that it might be an irregular correction pattern was completed from 10645-10440(as A), 10440-10941(as B) and 10941-10334(as C).
As per this wave count 10974-11126 is the minimum target range, even if wave started from...
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...
It seems wave (A or 1) is completed at 10565 and retracement levels for wave (B or 2) are given in chart. which can be used as buying zone with stop loss of 10333 which is of almost 100 points so plan your trade by analyzing wave pattern on live chart tomorrow. Good luck.
