NIFTY OUTLOOK
Updated
In my previous Nifty Outlook post the findings were that we should expect a reversal of this point and as it is last day of the month(29th Oct) so I expect the correction to be over. And thankfully market respected the pattern and till now it hasn't breached the Low of 29th Oct.
The link for the previous study:
Now during this entire fall, luckily a Bullish wolfe wave has been spotted. And recently on 3rd November NIFTY has tested the 135 TL successfully by making a low exactly at 135 TL. The first target is 18098. The next target is the P4 ie.18342. A good up-move and market wide participation will be seen only above 18324.
The bigger targets will be updated once NIFTY crosses above 18342.
Chart & Analysis - ADARSH DEY
The link for the previous study:
Now during this entire fall, luckily a Bullish wolfe wave has been spotted. And recently on 3rd November NIFTY has tested the 135 TL successfully by making a low exactly at 135 TL. The first target is 18098. The next target is the P4 ie.18342. A good up-move and market wide participation will be seen only above 18324.
The bigger targets will be updated once NIFTY crosses above 18342.
Chart & Analysis - ADARSH DEY
Trade active
Today reached almost to its First target. But good thing that happened is has broken the 2-4 TL.Note
Re-tested the 2-4 TL with a Gap-down and again escaped the gravity zone. These are very good signs that the Wolfe Wave is still active and can do good in the times to come.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.