Hi Guys,
Nifty is entering in the very crucial range(10900-11200), and how it going to behave in this consolidation range is going to plot the further trace about it. But as of now, there is a clear wave pattern formation is visible on the charts correction is still pending according to Elliot Wave theory, whether it is for the 10-year long bull run(Target around 8000) or the 2-year long bull run(target around 9200), Market can't be like just go on in simply one direction. So here is the tricky part, as long as most of the people are not convinced that it is still a bull market(nowadays people are much more concern about the market crash) it won't crash.
So as long as it doesn't cross 11200, 9200 is still on the table. and from here risk-reward is also much favorable.
These are only my thoughts, not financial advice. Though I am certified for that.
Will love to hear your thoughts.
Nifty is entering in the very crucial range(10900-11200), and how it going to behave in this consolidation range is going to plot the further trace about it. But as of now, there is a clear wave pattern formation is visible on the charts correction is still pending according to Elliot Wave theory, whether it is for the 10-year long bull run(Target around 8000) or the 2-year long bull run(target around 9200), Market can't be like just go on in simply one direction. So here is the tricky part, as long as most of the people are not convinced that it is still a bull market(nowadays people are much more concern about the market crash) it won't crash.
So as long as it doesn't cross 11200, 9200 is still on the table. and from here risk-reward is also much favorable.
These are only my thoughts, not financial advice. Though I am certified for that.
Will love to hear your thoughts.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.