Nifty 50 elliot wave analyis one hour time period chart
Elliot wave analysis
wave 1 downside complete 1,2,3,4or 5 and again go up wave a,b or c part wave 2 complete and again down wave 3 internal wave 1,2,3,4 or 5
Onehour
BAJFINANCE CHANNEL IN 1HRBAJFINANCE is currently trading in a channel in 1hr timeframe. It is testing the support of the channel for the 5th time. There are chances for BAJFINANCE to breakdown the channel ( not 100% guaranteed ) and take support around the horizontal lines which are placed around 4500-4650. If there is a breakdown confirmation alongwith volumes then you can SHORT FUTURES or else wait for it to show reversal signs near support and plan for positional trades.
