A strong rally likely
Nifty CMP 23214
Fib- the Index as of now has taken the fib support at 23070. In my view this should hold.
RSI- the oscillator is taking the bull support at price support. Hence this is positive.
Elliott- the C wave rally in this counter should happen from here. This should take the Index back to 24800. That zone is also the neckline of the head and shoulders pattern.
Conclusion- Since the C wave rally is the sharpest, this rally should happen very fast. Take this rally as an opportunity to book profits.
Fib- the Index as of now has taken the fib support at 23070. In my view this should hold.
RSI- the oscillator is taking the bull support at price support. Hence this is positive.
Elliott- the C wave rally in this counter should happen from here. This should take the Index back to 24800. That zone is also the neckline of the head and shoulders pattern.
Conclusion- Since the C wave rally is the sharpest, this rally should happen very fast. Take this rally as an opportunity to book profits.
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.
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.