look for these three levels where we could find a reversal for ATH again or for 15000.
Look for a confirmation around those points. Level 1 could be a major point where we can find a reversal. Trade with confirmation. Price most probably will not go below 14222.
We were bullish on it because of EW analysis and till it stays above 1835.10 the counts are still valid. Now looking at simple analysis, it made double bottom and height of the double bottom is our target. Entry and exit you have to scale in and see. Trade according to your setup. And the bullish levels which were mentioned in previous ideas of reliance are still...
This is pure educational post, and this post is not for analysing further movement.
Many viewers think why I am analysing Nifty on 15 min candlestick, well actually I analyze in multiple TF. If you're a nifty trader, then you need to realize the importance of even 5 min candlestick. One strong 5 min candlestick can be of 50/60 points of nifty. Imagine this one...
Seems like correction has ended and new impulsive wave have started as nifty bounced from very important level. If nifty doesn't fall yesterday's low, then the possibility to make a new high or touch close to ATH is greater. For EW counts on the bigger picture, see my previous idea on nifty. Link below.
As suggested in my previous idea, once nifty sustains above 14055 then 14579 is achievable. Today it touched this level. Now sustaining above 14579 will push towards 15140.
Some corrections are fine.
See my previous idea for detailed EW. Link below.