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neeraj_2_sharma
Feb 26, 2024 7:10 AM

Trade setup_nifty completes minor corrective wave ii. Long

Nifty 50 IndexNSE

Description

Nifty 50 is seen completing 50% retracement of the prior leg i of 3 with today's dip.
The wave ii has achieved a 50% retracement of the wave i.
wave iii of 3 should now take off by today after noon.
the target for wave iii would be approx 22500 from here.
Today's intraday low of 22075 should most probably be a crucial bottom.
22000-22100 currently is the strong support zone.
Comments
bp3vedi
Neeraj, this is 15 min candle chart. can you please evaluate the daily time frame charts?
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