Elliott Wave says NIFTY Going for 16369
تم تحديثه
Nifty is constructing triple three (x,y,z) right now.
Price is about to accomplish sub-wave B of triple three.
Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639, which is wave (X) of the correction.
According to wave principle, if the price couldn't sustain above wave X, then the current trend is about to resume.
Currently, nifty's trend is bearish and, wave C can give a downward motion with the following targets:
TP 1: 16909
TP 2: 16690
TP 3: 16449
TP 4: 16369
Note that price can make an excess at the upper band of the channel.
* Trade Setups (only for the safe traders):
Traders can enter when the price rejects the wave (X).
If the price breaks the (X) at 17639, it may be a fake-out. Traders can wait for the price to enter into the parallel channel.
Stop-loss can be the nearest high of the excess which will be out of the channel.
* Trade Setups (only for the Lion heart traders):
Lion heart traders can enter in sell position when the price makes rejection of wave (X).
After the price rejection, they can initiate a short position below 17600.
Stop-loss can be high of the new lower high.
Stay in touch for the next update of this setup.
Price is about to accomplish sub-wave B of triple three.
Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639, which is wave (X) of the correction.
According to wave principle, if the price couldn't sustain above wave X, then the current trend is about to resume.
Currently, nifty's trend is bearish and, wave C can give a downward motion with the following targets:
TP 1: 16909
TP 2: 16690
TP 3: 16449
TP 4: 16369
Note that price can make an excess at the upper band of the channel.
* Trade Setups (only for the safe traders):
Traders can enter when the price rejects the wave (X).
If the price breaks the (X) at 17639, it may be a fake-out. Traders can wait for the price to enter into the parallel channel.
Stop-loss can be the nearest high of the excess which will be out of the channel.
* Trade Setups (only for the Lion heart traders):
Lion heart traders can enter in sell position when the price makes rejection of wave (X).
After the price rejection, they can initiate a short position below 17600.
Stop-loss can be high of the new lower high.
Stay in touch for the next update of this setup.
ملاحظة
Going good!ملاحظة
Update: Price is out of the channelملاحظة
Update: 
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.