Nifty was out of the downtrend channel, but it hasn’t confirmed the bull run by breaking the nearest lower high. There was an important pivot point of 17646.
I have mentioned the following targets (Click here to read that nifty report):
“If nifty gives a continuous break to the upper band of the value area, traders can initiate a buy position for the target of 17554-17586-17618.”
“Strong closes above 17621 indicate a good time for bull traders.
Swing failure may drive the price lower. Bear traders can look for 17465-17408-17312.”
Nifty made a gap-up morning and hit all upside targets of 17554-17586-17618.
After reaching the last upside target of 17618, the price couldn’t give a strong close above it and fall for the downside target.
The pivot point has supplied to exceed the demand, and our downside targets have been reached by nifty.
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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
This chart is a perfect example of mastery in trading.
You have given targets in both directions, and all targets reached the destination.
Amazing chart!
Thank you for sharing this chart.
Wah sir..
upar ke bhi targets dete ho and niche ke bhi targets dete ho and sare targets achieve hojate he
mast chart…
You are really an expert.
I would like to take your service.
Sir, you have mastered the wave principle and Elliott wave theory.
Please share more charts.
I don’t have words to praise you.