Looks like a bullish flag was made and Nifty did attempt to break it yesterday itself. Let's see where we open today but I think the bull rally should be back very soon.
There is a good support at 17274.50 level so the stoploss should be 17250 closing basis.
Long traders should keep the targets open as the nifty still has steam and we may see 17650 /...
Clearly Nifty had took support on 200 ema in Day time frame . There could be Good Up Moves further ahead . Budget day tomorrow and Weekly Expiry day after that could bring very high volatility. Probably nifty will open gap Up and then goes Down and from there it will go up. Just Like Today.
Someone new to Wave-Counting might be a little confused. OR a lot confused.
Here's what I'm trying to explain: I have these 3 Correct Wave-Patterns (ABC) that are bullish.
You'll notice in the chart below that another higher price ABC.
An easily can recognize that impulsive sub-waves (1,2,3,4 and 5) of the higher degree of waves A and B.
At this time,...
This hypothesis is based on art. Art used by rhythmic ABC and its measurement.
Taking trade requires two main actions, first one is entry action and exit action. Taking entry at "B" nearby will boost your account if you're going for "C". Herein, two types of exit points, one is quite at small losses and another is exit with a huge profit. I have used here Huge...
sell nifty below 17621 add more if get @ 17724 closing stoploss 17867 above tg 17367-17176-17042
if before breakdown nity hit 17820 first ,then sell nifty 17820-42 add more 17946 closing sl 18055 above tg 17367-17176-17042 till 9-10 feb 2023
relly level attached below with all reasons
Chart Pattern : Inverse Head and Shoulder
The inverse head-and-shoulders pattern is a common downward trend reversal indicator.
You can enter a long position when the price moves above the neck, and set a stop-loss at the low point of the right shoulder.
The height of the pattern plus the breakout price should be your target price...
Chart Pattern : Descending Triangle
In descending triangle chart patterns, there is a string of lower highs that forms the upper line. The lower line is a support level in which the price cannot seem to break.
Descending Triangle Chart Pattern
In the chart, you can see that the price is gradually making lower highs which tells us that the...