Dear Traders,
I am looking for reversal on 16850 to 16900 levels. As per my elliottwave analysis wave b ended on Mar 20 and looking for wave c with the target of 18600 level. Nearly 1600 point swing on the way.
Why i am consider from January to March price action as wave b, Looking at the RSI it is in the very narrow range of 55 to 30 for last 3 months.
I am looking for reversal on 16850 to 16900 levels. As per my elliottwave analysis wave b ended on Mar 20 and looking for wave c with the target of 18600 level. Nearly 1600 point swing on the way.
Why i am consider from January to March price action as wave b, Looking at the RSI it is in the very narrow range of 55 to 30 for last 3 months.
Comment:
First sign of recovery is confirmed on 29 mar Price Action.
Comment:
31 MARCH 23 -- Nifty went up nearly 280 points... Looking for further upside on April Month...
Comment:
I am waiting for good entry in April Month in Between 17100 to 17050 level. Deep correction expected on coming days...
Comment:
NIFTY REACHED UPSIDE CHANNEL RESISTANCE... I AM GNG ENTER SHORT FOR 300 TO 400 POINTS CORRECTION...
Comment:
Entered Short @ 17600 level.... Long Also closed 600 Points Profit On long Side