Price is coming in sell zone and forming ending diagonal, so there is high probability price will come in the selling zone and get rejected.
As we saw in our last trade of Nifty which didn't initiate, there was possible alternate scenario which is continued in this chart. This is a very good Elliot formation with a wedge formation in the 5th wave. Strategy: 1> Sell level is mentioned at 10719 and 10738 price(in blue line) in the chart. 2 > Stop loss would be 10751 (in red line). 3> 1st Target would...
As per my last sell Trade this is the updated chart According to the price movement seen in the Market.If you're holding Shorts than you can keep the revised SL above the B wave(Blue color) and book it at Buy Zone 1. Switch your trade to buy side if Nifty reverses from from the following levels. Strategy: 1> Start adding buy Quantities as per...
All the levels are mentioned in the Chart. Trade as per your Risk per Trade policy
everything is explained in chart & correction can go upto 216 price level. lets see what happens.