18000-18300 is a crucial zone for nifty to complete its pending C wave till 17300/200 levels...
AS we discussed last time we can reach 18000 but on seeing the nasdaq and dow jones...it is also highly possible to retest 17000 levels directly without touching 18000...
-Clearly we are in a A-B-C type flat correction and wave B of this shall end near 18000-18200+ zone and a wave C downwards is possible...
This zone is 0.382 to 0.5 fib retracement which may be the end of the correction
Everything is going as we are discussing since 15300 levels....we discussed about time wise correction and it happened...now its the time for some price wise correction upto 17300/100/17000/16900 levels from the zone of 17900-17700 levels...and as price wise correction don't last long...we will see this correction for a period of 5-7 trading days at the max and...
17200-16700 +-100 points is a zone where nifty can spens some time...touch the trendline and then head higher...bearish bearish chilaane do sabko...jitne bears trap hone utna upar jaayegi market...always follow the price...if the trendline is broken significantly then I will post another article and we shall see the cases thereafter
Nifty shall consolidate in the range of 16700-16400 (+-100 points) in the next week...70% of the people will say this is a reversal ZONE and NIFTY will fall back to 15200 levels...but don't take any positions based on other's opinion...IF 16100 is broken then we may fall futhur but if nifty stays between the zone i mentioned above for another 1-2 weeks or break...
This is chart of nifty in 15 min and a beautiful triangle is spotted at the resistance zone...trade the breakout or breakdown for good targets of 100-150 points...
We have completed ABC flat correction and we have also completed the wave correction and now we might have one more down leg to 16600 levels which is also 62% of the wave from 15700-18100 HAPPY TRADING :)
Given below are my previous ideas of nifty and they HAVE PROVEN right...There is a slight change in the wave structure after this fall...and the X wave will be followed by a triangle and lead NIFTY to ATH+ I hope the chart is clear enough Happy Trading :)
LEVELS for the coming days We gave a BUY SIGNAL in Nifty 50 from 16000 levels and we maintain the same unless the following levels are breached decisively 17500 / 17300 /16900 /16600 These are the support levels for NIFTY 17800 /18100 /18300 are the resistance levels for NIFTY 50 for the coming weeks If 17300 is broken which is the last support then the...
FOLLOW me for more such content ahead... Till then, HAPPY TRADING :)
Good time to enter s.l once trendline is breached Follow me for more such content ahead...Till then, HAPPY TRADING :)
Follow me for more such content ahead...Till then, HAPPY TRADING :)
FOLLOW ME for more such content ahead Till then, HAPPY TRADING :)
FOLLOW ME for more such content ahead HAPPY TRADING :)
AB=CD rule is followed here along with NEO WAVES Nifty might retest the low of 16200 (+- 2%) fall is very common in a low VIX environment...if something changes then I will update it here FOLLOW me for more such content ahead Till then, HAPPY TRADING :)
Trade TYPE: SWING Duration : 2-3 months Entry: CMP S.L. Below the RED line Targets : 1500/2000++ Note: This is not a BUY recommendation and I am not responsible for any of your PROFITS/LOSSES This stock has run up a little so might pullback or consolidate for a while before going UP again... Hope this post helped you to take better decision HAPPY TRADING :)