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

NIFTY: Strange Reversal Or Trend Continuation

Free nse nifty chart calls

I mentioned in my previous idea that the price has bearish sentiments, but it can go up to 16200, which is a strong resistance level.
Click Here: IS NIFTY PREPARING FOR 14800?

Free nse nifty chart calls

After making a low of 15202, nifty has given a sharp price rise. Nifty has accomplished corrective wave B at 15513, and we are now in wave C. Wave c has traveled a distance up to 100% of wave A. Hence, Wave A = Wave C at 16246.30.

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.

Please note that this setup can occur only after the breakdown of the lower trend line of the diagonal. If nifty breaks the upper band of the channel, Price can rise up to 16600. our critical reversal range will be 16449 – 16610.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

5 Comments

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *