Attached: Nifty 50 Daily Chart as of 7th July 2023
Price has closed below PDL marking the End of the 5 wave rise that makes up either the 3rd Wave or the C Wave
In both case, whether it is there 3rd or the C Wave, post completion of a 5 wave impulse be it whatever degree of the wave, there has to be a Retracement at the very least
Price has 2 downsides going as per the Retracement:
Target 1= 19200 (Gap Area)
Target 2= 19030 (Super Trend Support)
On further break below 18975, the Downside can accelerate to fill the 3rd Gap @ 18815
Last Line of Support is 18640....
Price has closed below PDL marking the End of the 5 wave rise that makes up either the 3rd Wave or the C Wave
In both case, whether it is there 3rd or the C Wave, post completion of a 5 wave impulse be it whatever degree of the wave, there has to be a Retracement at the very least
Price has 2 downsides going as per the Retracement:
Target 1= 19200 (Gap Area)
Target 2= 19030 (Super Trend Support)
On further break below 18975, the Downside can accelerate to fill the 3rd Gap @ 18815
Last Line of Support is 18640....
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.