Wolfe Wave
Nifty Wolfe Wave Analysis on daily chart Technical Analysis: Daily Chart.
Nifty is currently gearing up to create a Bullish Wolfe Wave Pattern.
In terms of swings,
When point 2 is above 1
3 is below 1, and price reverses from 4,
connecting 1 to 3 and extending – creates possible support line
connecting 1 to 4 and extending – creates a possible target line.
Housing Development Finance Corp Ltd (HDFC) DAILY WOLFE WAVE CHAHousing Development Finance Corp Ltd (HDFC) DAILY WOLFE WAVE CHART
HDFC STRONG SUPPORT AREA IN DAILY CHART 2025-40
IF HOLD WE SEE GOOD UP TRADE
BUY HDFC AT 2040-2025 WITH TIGHT STOPLOSS 1960 FOR TARGET 2200
RISK / REWARD RATIO : 2:0
NIFTY 1 HOUR CHARTNIFTY CURRENT IN RANGE MARKET
BELLOW 11080 STRONG SELL AREA FOR TARGET 10900
ABOVE 11080 STRONG BUY TRADE FOR TARGET 11200-350
FOR ME THIS WEEK WE SEE THIS RANGE TRADE IN NIFTY SO SELL FROM HIGH WITH SL 11085-90 IS GOOD TRADING SETUP FOR PROFIT 10900 N BELLOW
( THIS IS NOT TRADE SETUP JUST RANGE DETAILS IF I SEEN GOOD POINT AND SETUP I WILL UPDATE)