WaveTalks- Nifty: The Choppy Move Above 17613

The index bounced from 17613 lows multiple times but the move not looking convincing so far on the upside. It has to cross above 17835 highs & hold above that key level for us to consider a bullish scenario else holding below 17800-17825 zone. The index may re-attempt 17613. If falls below 17613 then 17452 & only below 17452 - look for 17325

17325 - A - Wave Bottom of the Proposed Triangle

17452 - C- Wave Bottom of the Proposed Triangle

17613 - E - Wave Bottom of the Proposed Triangle - 17613 was the low where the index bounced upside as discussed in the last idea.

-----------------------------------------------------------------------------------------------------------
Last Idea - Nifty: Bullish Gartley - Broke 17799 & Bounce from 17613 lows
----------------------------------------------------------------------------------------------------------

Trade ativo:

13:38 Hrs / 1st Nov 2021

Last @ 17883

17835 crossed on the upside- is the indication for bulls becoming strong - an important level.

Comentário:

14:02 Hrs / 1st Nov2021

Last @ 17909

The index touched 17920 Highs approx. Partial Profits to be booked & plan next long positions only above 17920.

Comentário:

14:58 Hrs / 1st Nov2021

Technically A Double Bottom is confirmed once swing high is crossed which was 17918/17920 highs

Projecting Distance 17918-17613 = 305 Points above 17918 we get 18223 as bookish target (Mentioned in technical analysis books)

Thank You & Have A Good Day

Trade fechado manualmente:

Thanks