TAMO as per 1H chart its in consolidation zone.
1) It has broken last 15 min swing low of 490 made Lower Low, Yeelow small line.
2) if we count down swing 510.70 to 487.40 then there is support line passing this can push back it up side.
3) down swing of 510.70 to 487.40 retracement 50-61.8% is 500-502 zone. which is entry zone for short
4) SL of the entry should...
Cmp 16636... In small time frame still one leg pending 16590-95... If nifty could not go below that level then we can see fireworks there
Once it cross 16700... We can see 16900 as per AB=CD
Let's see tomorrow market will tell us... Which side nifty want to go.
Sorry, Chart is not clear.. First time uploaded by mobile phone.
As per trend line .. bank nifty should take U turn from here 23900-24000
First target 23200... If close below 23200 then next target 22400
If you see nifty carefully .. you will find a bearish Bat Pattern on daily chart.
This is my view .. its not a tip... manage risk reward and trade accordingly.
Nifty arrived in the box.. be careful here.. expecting huge down side ... 11200 -300 resistance zone.. I will try to short above 11200... with strict sl 11300. waiting for good short sign in daily candle then only short
Dont trade in over confidence i may be wrong in my view... ask to your financial advise before taking any risk.
Aurpharma has given good sign yesterday.. we can short this level
Short hold with sl of 830... target 660-50.. cmp 814
Risk reward 1:10 ... risk 15 point reward 150 points
Before jump in to trade ask your financial adviser.
I was expecting up move from 9800 now its very near to PRZ as per harmonic pattern.
Entry around 11200 sl 11300 target First 10050
5Th wave in weekly nifty has finished.. and now making ABC ... A has done 7500 around B is running and Waiting for Leg C.
Leg C should have also 5 Wave of elliott.
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This is not for trading .. its just my view..
everything is wrote in chart..
1) Bank nifty is near support which is 19k around. last 3 times it has bounced from there.
2) Trendline also support the level of 19k .. if you use Fibbo from 3rd Apr low to 30th Apr high .. you will get 0.618% retracement which is 19k around. (not draw in chart).
Nifty arrived near destination.... There is gap in previous chart (yelllow box)..
if nifty want to go more up then previous swing high (10161) it should break first and fall down to 9400.. then it can go..
else it should come down from here.. as per harmonic pattern AB= CD.