In 2hour chart of nifty from 15431 it seems triple zigzag correction is running and final abc decline is pending from 15044. from 15044 to 14416 wave A is completed and from 14416 wave B is started. After completion of wave B, we can expect wave C decline below 14151.
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In 1hour chart of nifty we are expecting final abc decline on down side to complete triple zigzag correction.
And in 15min chart 14517-14552 is an immediate resistance range and if trades above 14552 then only positive. for detail understanding kindly watch video.
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On the chart pattern of AMARAJABAT, we have found a breakout and retest of the falling wedge. The stock is trading near the support zone. Let it break the high of previous candle and you can make a long entry.
In this video i am trying to explain Nifty 1hour chart where there is a high probabilities of completion of Triple zigzag correction at 14151 and in Nifty 5min chart 14583-14656 can be the minimum target range for coming sessions.
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In nifty 45min chart from 15431 to 14249 its looks like a corrective decline as of now.
If we see the internal structure of this decline then its looks like a Triple zigzag correction where,
15431-14468 1st abc
14468-15336 Link wave X
15336-14264 2nd abc
14264-14984 2nd link wave
14984-14249 3rd abc
From 14249 bounce is already started and we need to see...
Here I have shown Your the Support and Resistance (i.e., Supply and Demand zones) of Nifty 50 of Daily,15 mins and 5 mins.
How Price action works in the supply and deman zones.
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Market Outlook:
I am Bearish on the...
Support and Resistance
Today - Fed meeting outcome after 11.30 pm
Fear selling after 3 pm
FEAR always trapped in UP/ Down direction
As per chart -
Nifty at lower line of downtrend channel
Bank Nifty weak
