NIFTY - At the end of the C Wave - DIAGONAL SEEN
NIFTY CMP: 23720 - HOURLY CHART attached
Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line.
Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now)
Wait for the price action to mature..
Not a place to go long or short at this level
If the price breaks below 23600, then recount is needed.
I am not SEBI Registered. Please consult your Financial Advisor before making any investment decisions
Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line.
Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now)
Wait for the price action to mature..
Not a place to go long or short at this level
If the price breaks below 23600, then recount is needed.
I am not SEBI Registered. Please consult your Financial Advisor before making any investment decisions
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.