Nifty updated wave count as per 2nd chart. We are in ABC correction out of which C wave in progress.
Wave C as shown in chart 1 can head towards 16750-800.
In chart 2 we see wave 3 of 3 of C is in progress which is expected to give a pullback towards 16540-500 levels.
Don't attempt short better go long on pullback. So wait for 16593 break to confirm pullback
Wave C as shown in chart 1 can head towards 16750-800.
In chart 2 we see wave 3 of 3 of C is in progress which is expected to give a pullback towards 16540-500 levels.
Don't attempt short better go long on pullback. So wait for 16593 break to confirm pullback
Hi guys, I would like to recommend you to Join our Aliceblue Referral Program and Earn up to 1 lac per month. Every successful referral earns Rs. 500. Hurry up !! Start Referring to your friends and family, Join with. https://aliceblueonline.com/open-an-account?C=620274
Open trading account in alice blueâī¸âī¸
Open trading account in alice blueâī¸âī¸
Nifty chart with update count. Drop is very slow and complicated.
As suggested only scalping can give you small profits. lets see if it stops between 16600-540 levels.
@quality_traders
As suggested only scalping can give you small profits. lets see if it stops between 16600-540 levels.
@quality_traders
Chart 1 wave count shared earlier looks odd now price trading out of channel.
We will give some more time to check if fills gap or drops further.
2nd chart will be our next way of thinking where futher drop possible after pullback.
We will give some more time to check if fills gap or drops further.
2nd chart will be our next way of thinking where futher drop possible after pullback.
Nifty Gap up opening but gap got filled. Price didn't close above 0.618 fibonacci on 15 min chart overall mixed signals.
If Nifty closes below half of channel i.e 16600 on 15min chart HIGH RISKY(cause positive divergence on 5 min chart) can short near 16600 with 16650 SL.
Non risky can wait for confirmation break of 16532 for drop towards 16400-300 levels.
Avoid attempting long before break of 16700
If Nifty closes below half of channel i.e 16600 on 15min chart HIGH RISKY(cause positive divergence on 5 min chart) can short near 16600 with 16650 SL.
Non risky can wait for confirmation break of 16532 for drop towards 16400-300 levels.
Avoid attempting long before break of 16700