nifty long
target 1 is highly probable, target 2 not so much.
but, it would still be a good thing to hold some and adjust stop loss to have some room for a spike
Hello Traders,
today I like to show you an alternate count for NIFTY50!
Todays decline was very sharp and brought N50 down to 10866.45, which is below the possible zone I mentioned at my last analyse:
As of my last count I favored a wave 4 correction, but the Fibonacci of more than 0.618 of wave (iii) makes it less common for a wave (iv) target. If the decline ...
Nifty is in wave 4 correction , Wave 4 is most difficult to trade and analysis. This is usually a long correction/time consuming .
There are 2 possibilities in wave 4
Diagonal or irregular flat
my thinking is irregular flat or complex correction
Normally Nifty should reach 9950 as normal correction but considering B wave was zigzag, correction should end ...
NIFTY appears to be moving in the fourth Elliott wave which is likely to complete around 11250. It could then move up in the fifth wave before a substantial correction to below 10000 levels, if the wave count in the above chart is correct.
This pattern will be invalidated if the the current correction drops below 10930.
PS: This analysis is just for educational ...
Hello Traders,
the „alternate“ count as of my last analys step in front and N50 has made a wave „b“ high at 11523.25 on Sept. 14! Since than he declined in a wave „c“ and meet today support @ 11208 zone. A zone were a wave „4“ of one lesser degree is placed and it is too the 0.618 Fibonacci of wave „a“-“c“! So the odds are high that a countertrend is next to occur ...
https://www.tradingview.com/x/07GXVIey/
Have marked many levels on the chart directly, keep these levels under observation, whenever price will touch these levels be alert.
Price is in complete up trend, for my trading i am keeping 2 price levels on scanner.
1. 11910
2. 11550
I personally expect market to go up till 11910 before it closes below 11550, if ...
Just looking on youtube that some kid has made a funny Elliot wave by following his own rules. Peoples like him is totally waste and want to become a TECHINCAL ANALYSIS. Anyways Please take a look at the chart. This is my idea and I believe that Nifty -0.22% has almost achieved our target which is on 11700. I have predicted Nifty -0.22% target almost a month ago ...
Hello Traders
N50 declined this morning to 11250.20, which is close to equal wave (C) and (a)!It also meet the wave ((4)) level of one lesser degree. And second, if the decline is wave (iv) of 5 (Minor degree) the „deadline“ for this correction is the wave ((i)) high @10784.65 at latest!
After two days with a lagging and very shallow a/d-Ratio of 0.19 and 0.14 it ...
Hello Traders,
N50 made a low at Sept. 12 @11301.85, making a „Hammer-candle“ on a daily basis and gaped up the next day to 11515.20, intraday high at 11523.25. This move was accompied by a huge a/d-Ratio of 11(!!)! Nearly all shares were advancing this day. This is the highest level since I notice the Ratio and is either a bear trap or the start to new ATH`s ...
