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Elliott Wave says NIFTY Going for 16369

free nse nifty chart tips

free nse nifty chart tips

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 can be the nearest high of the excess which will be out of the channel.

Trade Setups (only for the Lionheart traders):
Lionheart 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 can be high of the new lower high.

LAST CHANCE: If you are not a premium subscriber, you’re about to miss this high probability setup with more than 1000 points like you missed previous ides because a 12th-anniversary offer is going to end.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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7 Comments

  1. Thank you sir,
    Omicron will impect on the stocks all well as commodities.
    But rebound should be quick!

  2. I am good money form the previous premium call.
    Thank you for this chart.
    I know I don’t need to worry about next call but I am very excited to see next call in our app.
    Thank you for your premium service.

  3. how can i purchase 20 shares of reliance if my capital is 10k only? (new to trading and risk management)

  4. Being only a beginner trader. I would want to do short term trades and this helped my understanding on how much I take for risk to try out success.

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