Update to the previous post - Aligned the wave labels correctly since we have the structure in lower timeframes (15m/5m).
I still believe primary trend is down and what we are seeing now is a bear market rally, NIFTY bounces level for this rally will be around 17600 and 17750. Only slight change in targets from the previous post.
Can long until these targets , once reversed then downtrend will resume imho. Let's see how this projection goes.
I still believe primary trend is down and what we are seeing now is a bear market rally, NIFTY bounces level for this rally will be around 17600 and 17750. Only slight change in targets from the previous post.
Can long until these targets , once reversed then downtrend will resume imho. Let's see how this projection goes.
Comment:
first target reached and now in hourly supply zone. will struggle here imho
Comment:
if 17300 holds then i will switch to bullish alternative counts soon. we are making higher highs and lower lows in the last 2 weeks
Comment:
Heading towards 17536