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Timeframe: Hourly
Nifty has accomplished an impulsive wave (3) and started forming a corrective structure. Most analysts are giving signals for new price extremes, but is it that easy?
After trying to beak the corrective structure four times, the Nifty lost its bullish momentum. Sellers still find that high price as a brilliant entry. Bulls are unable to outnumber sellers.
If nifty breaks down the lower trend line of the corrective wave (4), Traders can sell for the following targets: 16659 – 16845 – 16726+. No trade is possible before breakdown. Failure will lead to a bullish move.
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It is a neat and clear wave projection. After renewing my VIP service, I began trading again.
Sir, I want to learn to trade. I am seeing your charts and I started trading the stock market. I think I need your help. I want to buy a premium signal service. Have a great day Guruji!
Good insight.
Correct 💯