Nifty is likely to retrace 0.618% of the drop from 11760 to 10000 which falls in the 11100 range which can be wave 1 or A . Wave B or 2 is likely to be an abc ziz zag . Wave A (impulse) is over and wave B (corrective wxy) is also over .Though a possibility that we are still in wave B is there but slim . Now we seem to be in the last leg C of the ziz zag . The ...
Nifty seems to have reached the level and could give a good short trade. There are multiple resistence in different Time Frames at 10840 level so it could be a good idea to sell Nifty at this level by providing the SL of 10920. One can look for a target of 10600 which offers a potential of good 240 points and a reasonable risk to reward ratio.
Disclaimer : All ...
Bears will hate it.
Measure the 3 wave retracement in motive waves they are falling into most probable zone. Though the long term count is bearish but this look good say in symmetry, wave relation etc.
Some thing seems to be completed here and there could potential of a motive structure coming. There are complex correction to found like the triangle ABCDE in 4 and ...
NIFTY 50 : From Monday to Thursday Nifty 50 Moves + 505 pipes which seems to be positive
even today it tried to break 04Dec 2018 low point : 10834 but it just break 4 pipes alone ( fake out)
as well today nifty 50 closed @t Negative - 88 pipes .
still nifty 50 seems to be strong enough to break previous weeks 03Dec 2018 top : 10941
IF NIFTY 50 ...
If Retracement levels will come(with Corrective pattern) then it will be a buying opportunity with stop loss of 10622. This retracement levels will change according to new fresh high of tomorrow.
If impulse started from 10494 is wave C then it will not go much higher above 10780.
If impulse started from 10494 is wave 3 then ...
Hourly chart. Price moved from support zone boosted by Positive Divergence and easing out of trade war between China and USA. On weekly Hammer candle was an probable indication. Price above 50 DMA reached 200 DMA once more-- this being the fourth time in recent times.
Like yesterday's candle, today's candle has been a big bullish candle.
OI Table: 10000 Put OI ...
NIFTY 50 Breaks Previous Weeks Low : 10588 as well as Breaks : 05Dec 2018 Low Point : 10748 ( Closed Point ) Continue to be Positive with
+ 189 pipes which seems to be positive trend continuation .
NIFTY 50 : IF IT BREAKS : 10752
BUY @t ENTRY : 10753
STOP LOSS : ...
Here in this chart wave (5) and wave (v) will be in extended zone after breaking 10486 and 10408 respectively. Maximum range of both waves is coming at 10351-10325. so after completion of both wave Nifty can bounce up to 10543 and further it can also extend to 10700.