Nifty 50 -prediction based on correction moves (study purpose)
- This is the messiest chart I have drawn. Thanks to me :)
- Looks like Nifty is bouncing from the 30 minute demand zone
- If nifty bhai has to go up in coming days, he must respect 61 % Fib level and break the trend line
- Another interesting thing is the way how price made the correction moves
- The price moved 135 points down then moves up 64 points again down for 135 point then again 64 points up. So if tomorrow (13-5-2021) is a bearish day like today, then price can go down to another 135 points down. Cheers :D
- Looks like Nifty is bouncing from the 30 minute demand zone
- If nifty bhai has to go up in coming days, he must respect 61 % Fib level and break the trend line
- Another interesting thing is the way how price made the correction moves
- The price moved 135 points down then moves up 64 points again down for 135 point then again 64 points up. So if tomorrow (13-5-2021) is a bearish day like today, then price can go down to another 135 points down. Cheers :D
Comment:
Are you on crack Mr Me ? 13-5-2021 is off