Though Nifty gave a bearish candle today, still we see one more wave upside in Nifty.
Until and unless the low of 18055 is safe we can expect Nifty to retest the level of 18500.
The pattern is shown in the chart and waves are marked in it.
Stay bullish above the level of 18055.
If once the level is breached then it is confirmed that the Nifty is moving into correction and we can expect Nifty to go much lower than 17500.
Stay safe and Trade safe.
Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.
Until and unless the low of 18055 is safe we can expect Nifty to retest the level of 18500.
The pattern is shown in the chart and waves are marked in it.
Stay bullish above the level of 18055.
If once the level is breached then it is confirmed that the Nifty is moving into correction and we can expect Nifty to go much lower than 17500.
Stay safe and Trade safe.
Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.
Commento:
Longs all closed
Commento:
18300 is strong resistance
