Nifty : Long
EIther this is the start of Wave 5 :
If we are in start of wave 1 of wave 5
Expect to finish Nifty closer to 7600 by end of Jan -- which would confirm long bias !!
Wave 1 needs to break the upper trendline and bounce back from it -- which will confirm start of Wave 3 of Wave 5.
Axis Bank has shown 2-3 gapups a sign of upmove !! Look out for Yes Bank as well in coming next week !!
Bank Nifty and Reliance will lead this rally -- with Sunpharma looking to break its upper trendline -- Arvind & Tata Steel, some other stocks which will lead the Nifty higher.
or
If you draw a trendline on monthly charts on log scale, Nifty is sitting at its trendline support !!
If it breaks this on weekly that would mean a fall of more than 1000 points -- only if it breaks :))
Stop Loss: 7250
If we are in start of wave 1 of wave 5
Expect to finish Nifty closer to 7600 by end of Jan -- which would confirm long bias !!
Wave 1 needs to break the upper trendline and bounce back from it -- which will confirm start of Wave 3 of Wave 5.
Axis Bank has shown 2-3 gapups a sign of upmove !! Look out for Yes Bank as well in coming next week !!
Bank Nifty and Reliance will lead this rally -- with Sunpharma looking to break its upper trendline -- Arvind & Tata Steel, some other stocks which will lead the Nifty higher.
or
If you draw a trendline on monthly charts on log scale, Nifty is sitting at its trendline support !!
If it breaks this on weekly that would mean a fall of more than 1000 points -- only if it breaks :))
Stop Loss: 7250
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.