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

NSE NIFTY: Marching Towards Pivot Zone

Free nse nifty chart calls

Free nse nifty chart calls

After completing corrective wave 4, Nifty has begun forming impulsive wave 5. Price couldn’t close above wave x at 18111 and end up losing the bull’s interest. After the completion of wave 5, we have seen a downward move of 803 points.

Nifty is moving towards its support level of 17182. It is also at 38.2% retracement level and low of wave 4. It is important to note that previous wave 4 causes the corrective structure to end at that point. If the price sustains above 17180, traders can buy for the following targets: 17496 – 17643+.

There was a return to the major parallel channel for the price. For bulls, this is not a good sign. If the price fails to hold this support, sellers will drive the price to the next support level 16800.

I will update further information soon. 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

6 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 *

Send this to a friend