KardamRishi

Nifty Analysis

Short
KardamRishi Updated   
NSE:NIFTY   Nifty 50 Index
Shorted exactly on 50% of retracement
Stop loss 61.80%
Target is 127% of wave 5 of C
Trade closed: target reached:
Try to close your shorts - book profit and exit will wait for scenario and take entry again
Comment:
Booked profit at 17094
Trade active:
Shorted again at exact on 17168 61.8 Ret. lev of last swing
Comment:
Stoploass 17230
Comment:
Chances of HNS or CNH pattern here lets see
Trade closed: stop reached:
SL
Comment:
5th wave decline - we have to wait till next good setup . yet not break previous swing high low pf 75 mins its look like - its taking time in correction . and will complete latter. lets see wait n watch
Trade active:
0-B trend line not break and - wave 3 - 4 trend line break
Comment:
Updated Extension levels and counts - Daily Chart
Comment:
Target 16704.75
Comment:
cover short trade - stop loss trail if trend line break
Comment:
Nifty Contracting Triangle

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