Right now I am seeing provided count in Nifty 50 from the Elliott wave perspective and I believe that the bull market which is started from the covid low is yet to finish, this was the halt in between. I feel the price-wise correction is completed and Nifty will spend some time here before starting a new up move. I might be wrong but my wave counting is keeping me...
CMP - 164 The stock has broken the resistance and retested it today, now I am anticipating that it will touch the 180. The view invalidation level is 152. The analysis is just for educational purposes, please contact your financial advisor before making any trade.
All the analysis is provided on the chart.
All the details are added in chart. The analysis is for the educational purpose only.
The chart is educational purpose only. Do your due diligence before taking any trade.
Monthly trend is bullish so we are considering it as a correction. Formed the BAT pattern in weekly chart. If we see sell off here before tagging the last high which is 1384, then it can visit the area between 1120 to 1000. Stoploss could be placed at 1384. This view is only for the education purpose, Please connect to your financial adviser before...
Correction Type Zigzag. Nifty should move up from here by breaking the line and then can touch the 11585 in few hours of trading window. The view is only for education purpose.