parth1294_

parth1294_

Current market movement looks like a beginning of a downtrend according to Elliott wave theory. A small pullback taken by the market and from point A it's taking resistance. confirmation of downtrend would come if point B breaks and market continues to rally down.

parth1294_

Price action indicates an uptrend but volume is weak, signals a reversal sign of a current trend

parth1294_

Nifty has a high probability to reach 17000 this week. As a trader, you have to be ready if your view goes wrong, even though it has a low probability to go up. 17500 PE looks handsome to buy as it's trading @ 105. Note: please put stop loss in every trade. thank you, PS

parth1294_

If, Diamond pattern forms it will give an upside breakout but right now only 75% of the pattern has been formed yet. we need to wait for its complete formation and after that will provide targets. Note: The diamond pattern is a trend reversal pattern.

parth1294_

We can see divergence on daily TF and from 13 Oct '21 nifty tried to break the 18000 level but couldn't hold it and comes down. It might be an opportunity to shorten the market once it will break 17800 with a big red candle.