Hi
As of now, seems nifty is running in a 5 wave structure.
As of today, it has completed 4 Waves (Pl refer Chart).
5th Wave is pending and might get completed near 12300 levels.
Also we need to be careful near 12100 levels, in case if 5th is a truncated wave.
As of now, we can go long with SL of 11780 , 1 Hour CLBS for the above said target.
Any close below 11750 on daily basis, will consider this pattern invalid.
The chart is self-explanatory.
As of now, seems nifty is running in a 5 wave structure.
As of today, it has completed 4 Waves (Pl refer Chart).
5th Wave is pending and might get completed near 12300 levels.
Also we need to be careful near 12100 levels, in case if 5th is a truncated wave.
As of now, we can go long with SL of 11780 , 1 Hour CLBS for the above said target.
Any close below 11750 on daily basis, will consider this pattern invalid.
The chart is self-explanatory.
Commento:
High made today 12038...now sl can be changed to 11940 clbs
Commento:
It seems we are on our way towards 12345 now.
Looks bullish to me.
Has made a new high made 12132.
SL can be brought up to 11970 1 Hour CLBS.
Looks bullish to me.
Has made a new high made 12132.
SL can be brought up to 11970 1 Hour CLBS.
Hereon, we may see a good rally.