NIFTY Started Reversing In A Peculiar Way
Do you remember Nifty’s wave analysis?
Click here: NIFTY: Strange Reversal Or Trend Continuation
I have stated clearly, ” According to the Elliott wave principle, if the price breaks the lower band of the ending diagonal, traders can trade for the following targets: 16072 – 15941 – 15840.”
[12 July 2022]
- 12:30 PM – Price touched the first target of 16072.
[14 July 2022]
- 1:15 PM – Price hit the second target of 15941.
- 2:15 PM – Nifty has made a low of 15858. It was close to our final target of 15840.
If you have traded this trade setup, you could have made 12500 / lot.
Will HINDUNILVR Reach The Final Target of 2506?
Do you remember the NSE HINDUNILVR’s research report?
Click here: NSE HINDUNILVR: ELLIOTT WAVE PROJECTION
I have written clearly,” The range of sub-wave 4 is between 2525 – 2444, and we can expect trading moves after a crack of this range. If the price breaks 2525, traders can buy for sub-wave 5 with the following targets: 2535 – 2576 – 2609.”
[15 July 2022]
- 9:15 AM – Price reached the first target of 2535.
- 3:00 PM – Price hit the second target of 2576.
If you have traded this setup, you could have made 50 points/lot.
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