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NIFTY’s Elliott Wave Perspective for Today

free nse nifty stock tips daily chart

free nse nifty stock tips daily chart

Nifty can bounce from 0.618%0.786% of retracement levels, and we may see 18350 again.

According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave ‘i‘ is a direct sign of a strong downtrend.

Buyers must note that the price has broken 200 EMA.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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6 Comments

  1. Good analysis. How come drop in volume a sign of big move. It just signifies little activity. In a constructive young base, it signifies supply is slowly being accumulated by big hands. Follow up buying is price rise with volume spurt.

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