WaveTalks- Nifty: The Choppy Move Above 17613

1 nov 2021

The index bounced from 17613 lows multiple times but the move not looking convincing so far on the upside. It has to cross above 17835 highs & hold above that key level for us to consider a bullish scenario else holding below 17800-17825 zone. The index may re-attempt 17613. If falls below 17613 then 17452 & only below 17452 - look for 17325

17325 - A - Wave Bottom of the Proposed Triangle

17452 - C- Wave Bottom of the Proposed Triangle

17613 - E - Wave Bottom of the Proposed Triangle - 17613 was the low where the index bounced upside as discussed in the last idea.

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Last Idea - Nifty: Bullish Gartley - Broke 17799 & Bounce from 17613 lows
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1 nov 2021

Trade attivo

13:38 Hrs / 1st Nov 2021

Last @ 17883

17835 crossed on the upside- is the indication for bulls becoming strong - an important level.

1 nov 2021

Nota

14:02 Hrs / 1st Nov2021

Last @ 17909

The index touched 17920 Highs approx. Partial Profits to be booked & plan next long positions only above 17920.

1 nov 2021

Nota

14:58 Hrs / 1st Nov2021

Technically A Double Bottom is confirmed once swing high is crossed which was 17918/17920 highs

Projecting Distance 17918-17613 = 305 Points above 17918 we get 18223 as bookish target (Mentioned in technical analysis books)

Thank You & Have A Good Day

3 nov 2021

Trade chiuso manualmente

Thanks