Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

Is Nifty Preparing for An All-Time High?

Free nse nifty chart calls

Free nse nifty chart calls

Nifty has reached 161.8% Fibonacci extension of wave 3, and we saw a decline in the previous trading session. After the breakdown of the wedge lines, It collapsed by 1.33%.

At this glance, the price is at the resistance band of the parallel channel. Uptrend is only possible above wave (x) at 18111. The wave (x) holds the power of the correction, Once it’s broken, prices start impulsive formation, and rejection may start a corrective structure again.

I have drawn an acceleration to find the ending point of the corrective structure. After breaking the upper band, the price will fall for the lower band of the parallel channel at 0.236% Fibonacci retracement. The common retracement for wave 4 is 0.382% of wave 3 at 17184.

After the pullback, if the price sustains above 17184.90, traders can trade for the following targets: 17555 – 17722 – 18111.

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Mr.Dev(s) is a team of non-biased certified technical and research analysts with extensive experience in the financial markets dating back to 1997. They accurately forecast market movements and position their clients accordingly. They are popular online contributors on many channels and platforms, known for their non-biased advice and commitment to helping investors make informed decisions. The team is also the founder of forex account management services on, demonstrating their knowledge and experience in the financial world. Investors can rely on Mr.Dev(s) for research reports and opinions, as well as trading guidance.

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  1. one chart — different ways to look at, towards the same objective. Great work ! GOD blessings ! Thank yo

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