There is still not worry for long positional trader until the price would not fall below 13397 and Support 13000.
Normally I don’t prefer to trade with a heavy position at 5th wave especially, whenever the 3rd wave is extended. In this case, we’re moving toward forming the 5th Wave.
I have already predicted 5wave of A, B, and C by using future expected retracement.
Short Term View for NIFTY:
3 control working her excellet. After breakout the cannel will create new trend.
As per weekly breakdown strategy of the channel, Bottom is out base on timeCycle and value low.
Control Price (c) is going to price attraction which higher from current price.
I will update shortly NIFTY trade for SUBSCRIBER.
Important of 50%(9387) Fib. Retracement at “a” and “b”, which mean start and end point of fib is perfect.
Pull-back retracement is at 8661 nearby which is easy at 61.8%.
nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby.
There’s more chance to get a fall on nifty .
As per the time cycle nearby date 20 April, we may see nifty 8800 below.
- correction wave -106 (100%)
- impulsive wave -177(in contiuating)
–> LH and LL are confirmed after the impulsive waves. After completing the impulsive wave, the correction wave will start for first target 211 – 230 and 244-258 shortly. Impulsive wave more than 70% extended than correction wave which is great for next correction wave.
Fair value with the ,
- an excess
- gravitation line will attract the price shortly
A project of for a reversal but till not confirmed.
This channel still not confirmed completely. 8836 is resistance to push price 180-300 points -ve.
We created a by looking at market that have lines (a), (b),….(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days.
The price very near the yellow gravitating line ()yellow which is 8912 nearby.
- three market ranges (1,2,3) which range defines
- the 50 percent division at 6926.8.