MoneyMunch

Nifty price traveling towards the 5th W. for target 11900 & …

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.

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Nifty Trading view for this week.

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.

Fib Retracement.

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+.

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.

Where is the Bottom of the SBIN? – (daily & weekly)

  • 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.

 

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Fair value with the parallel channel ,

  • an excess
  • gravitation line will attract the price shortly

A project of for a reversal but till not confirmed.

Nifty research for you.

This channel still not confirmed completely. 8836 is resistance to push price 180-300 points -ve.

We created a parallel channel by looking at market pivots 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.

 

Nifty, SGX NIFTY, GOLD…

As per the channel, two resistance can push the price toward 8515 and 8340 follow by Resistance 8592-8632 Almost all major resistances and supports are plotted on the chart.  If price close above 8620 above, then i will update fresh chart.

? 8323 target then, price will not break or close 8622. Incase of break & close above 8612, then channel will not continue.

Daily chart for SGX Nifty:

  • During the falling wave, 3 times reduction in price has been seen.
  • While using the retracement, 32.2% retraced is at 9249.
  • Price rotation range is between 8838 and 8188.

Almost many things are till remaining on the chart although i have plotted following:

  • Flag pattern
  • Major and minor channel
  • Initiative move
  • Responsive move
  • major and minor support level
  • Waves

Channel support 1559 nearby for GOLD .