Here in this chart wave (5) and wave (v) will be in extended zone after breaking 10486 and 10408 respectively. Maximum range of both waves is coming at 10351-10325. so after completion of both wave Nifty can bounce up to 10543 and further it can also extend to 10700.
Nifty pattern is suggesting one more decline to 10547-10455. where 10547 is minimum target for nifty.
Ascending triangle pattern formed in Nifty and it will make the upside breakout but another side of global weakness may give the false breakout ? Lets watch the breakout and confirm the direction. with regards, RedStone24
Description is given in chart.
Most probably one impulse wave is completed from 10774 to 10512. and we can consider it as wave (A) and now retracement levels of wave (B) is coming at 10612, 10643 and 10674 which can be achieved in coming sessions. I would suggest not to trade for wave B in options and wait for wave C to trade. OR If Nifty decline from present...
DO NOT PANIC IN SITUATION 20th Nov 2018 and 21st Nov 2018 fall in NIFTY occurred due to correction and profit booking Important support around 10600 and 10550 If NIFTY holds 10620 it may move towards Resistance 10655, 10685 and then 10720 onward and also rally upto 10815 in the next week expiry NIFTY may even move towards 11350
NIFTY HOURLY CHART TRADE CAUTION TRADE WITH STRICT STOPLOSS NIFTY HAD BROKEN STEEP TRENDLINE NOW HAS RETRACED TO 61.8% ON HOURLY CHART IF THE TREND IS TRUE IT MUST REVERSE FROM 10568-70 OR 10550 LEVELS(ADJUSTED FOR VOLATILITY TRADE WITH A VIEW OF 10750 IN MIND AND WITH A 30 TO 40 POINTS ON THE INDEX
Nifty Enter Fighting Zone Keep watch... and also form AB=CD Expect zone 9950 to 10150 watch also Global Factors... Possible to drop down Disclaimer: The information contained in this presentation is solely for educational purposes only.
Wave 5 and (v) both are in its completion range so buying should be avoided and trade whenever get the opportunity for selling with small stop loss.
BULLISH ENGULFING IN NIFTY INDEX NOVEMBER FUTURES BUY@10575 STOP@10435 TARGET@10730 PLEASE ADJUST THW TRADE FOR FUTURES AND OPTIONS VIEW IS BULLISH FOR COMING TWO WEEKS TILL 19TH RBI MEETING
As expected wave (iv) completed as irregular correction at 10440. Now wave 5 projection range is coming at 10666-10803 which can be achieved in coming sessions. Tomorrow intraday buying range is coming at 10571-10555. If Nifty breaks 10596 in opening only then buying range will change according to that but if nifty enter in 10571-10555 range without breaking...