- This Nifty chart clearly shows that we have found support at the earlier support zone, now tested 4 times.
- We also have a resistance zone brewing around 6090 - 6135 range.
- If this rally is for good, we can test this resistance zone, in coming weeks.
- The start certainly looks convincing.
- If we do rally to this resistance zone, it will interesting to see what Nifty does there, a breakout above the last high of 6229.45 (which "investors" are hoping for), we may see much higher levels, in the vicinity of 6500 - 7000 (but this is just a conjecture at this point, we need much confirmation before any of this becomes a possibility).
- Right now I would be betting on the levels of 6090 - 6135 being reached before we make a new low or break the support zone.
- But markets are known to do there own thing, and I know that a SL will protect my capital!
WHY A.B.C.D.E PLS EXPLAIN..larger pink one
ReplyDeleteI am counting a triple combination if we stay below 6229.45.
DeleteSir last leg is canalise move which can be seen in corrective phase not in impulse according to neo wave
ReplyDeleteare u talking abt a shorter fractal.
DeleteThank You.
ReplyDeleteCan You help me get updates of E W on
Hourly basis during trading hours as I am unable to understand patterns presently.
Ravindran
M: 8903573436
I cant update my charts every hour, but if u can send me ur queries preferably on a chart I can try to answer them.
Delete