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.
Nota
Longs all closedNota
18300 is strong resistance
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.