Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern.
All calculations are marked in the chart.
As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL...
Weekly flag pattern and positive outlook for finance
Monthly hammer at bottom for September month
view negated below 950
Disclaimer: I am not a SEBI register person please contact your financial advisor for advice.
This analysis is for longterm as i have choose monthly timeframe.
Reverse Head & Shoulder pattern is forming in monthly timeframe an many more indicator suggesting bullishness.
One could really consider this one for longterm investment.
Trade with risk management but don't get afraid of taking risks because at the end winner is who takes...
Important Feature- Use Alarm icon in authors updates of current issue so that you don't miss the important action in the coming days
In the previous update- Likely I was looking for a fall from 1430's to 980-1010 zone- Excited, as I got some chunk of the move, which comes once in the blue moon shown as oval shape. The sharp fall happened between 11th to 15th...