Free Stock market / Nifty intraday tips

AB=CD at 12798 for NIFTY.

This call was given to our subscribers

BUY NIFTYNOVFUT 12050

Stop-loss 12014, ONLY 36 point stop-loss

BOOKED PROFIT at 12550

500 POINTS PROFIT TAKEN, 500*75= 37,500 PROFIT

This defined the 12798 area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test. Although the BC projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure was the defining limit. The chart of the price action in the PRZ shows the near-perfect reversal just the PRZ at 12798 nearby expecting…

I outlined that important level is at 12798 and Terminal Bar will decide for reversal confirmation.

I have mixed use Breakdown + Elliott Modied Basic Rules…

Previous ArticleNext Article

Leave a Reply

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted.