Nifty- Wave 4 Done at 11305 (62% retraced)- Careful !!!
Atualizado
For Educational Purpose
Do not consider this a trading call. Consult a financial advisor before executing any trades. "Risk Management" is the most important lesson -a trader has to learn before taking any trades.
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Wave Analysis Key Points for Nifty Index Moves
Last Price- 11254 / 10:28 Hrs / 29th Sep 2020
• The fall 11618 to 10790 – an impulsive fall
• Nifty retraced 62% (current bounce) of the fall from 11618 to 10790 which is 11305
• 62% level which comes at 11305 is the most important resistance level
• Keeping in mind 11300 –trader’s should decide their next course of action
• Chart representation ( such as "red arrow" marked downside is for author’s reference)
• Kindly do the due diligence before taking any trades
• Have a wonderful session ahead
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Second Last Idea -Nifty crack from 11620 to 11085
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Last Idea - Nifty bounce expected "holding above 11085"
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Do not consider this a trading call. Consult a financial advisor before executing any trades. "Risk Management" is the most important lesson -a trader has to learn before taking any trades.
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
Wave Analysis Key Points for Nifty Index Moves
Last Price- 11254 / 10:28 Hrs / 29th Sep 2020
• The fall 11618 to 10790 – an impulsive fall
• Nifty retraced 62% (current bounce) of the fall from 11618 to 10790 which is 11305
• 62% level which comes at 11305 is the most important resistance level
• Keeping in mind 11300 –trader’s should decide their next course of action
• Chart representation ( such as "red arrow" marked downside is for author’s reference)
• Kindly do the due diligence before taking any trades
• Have a wonderful session ahead
------------------------------------------------------------------------------------------------------------------------
Second Last Idea -Nifty crack from 11620 to 11085
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Last Idea - Nifty bounce expected "holding above 11085"
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Trade fechado manualmente
23:31 Hrs / 30th Sep 2020Outlook for 1st Oct2020
Global Markets are positive indicating a gap-up move -incase Index opens gap up - one has to be careful in 11380-11400 as crossing above 11400 & holding above that level - bulls will be strong
Opening gap up & stopping in 11380-11400 resistance zone - can make it slip again to 11300 / 11180 & below 11180 - lower targets can be seen.
Thanks
Trade fechado manualmente
Add on update - Nifty (Last Price- 11413 / 11:46 Hrs / 1st Oct2020) Trade long or Join The Bull camp only above 11425 intraday wise only. Avoid taking buy positions home
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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