Previously in NIFTY Outlook (7th Nov 2021) post:
-18098 was the first target, it is achieved on 9th Nov very accurately and market reversed to retest support afterwards.
-17763 was the mentioned support, Nifty was saved by almost 40 Points.
-Today Nifty tried to breach the first target (18098) with a Gap up but was unable to sustain above it.
-The second target...
Few key points to note:
- A Bearish WOLFE WAVE has been formed
-RSI Exaggerated Divergence
I expect downside reversal from this point. However the trade gets activated once it closes below 2376 and the expected target is 2294.
CHART & ANALYSIS – ADARSH DEY
Please strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising.
It has recently touched the Monthly High TL.
The downside reversal is confirmed by a Bearish Wolfe Wave.
May be in short term it...
This company is fundamentally not so annoying, the financial performance is above industrial median. Currently it seems to be really interesting at this point of time on Weekly TF.There are some key points we need to watch:
1. There was a Bearish Wolfe Wave that started forming in early 2016. And the 5th wave of the same was completed in covid pandemic. After the...