MoneyMunch.com

Posted: 07 Oct 2020 03:33 AM PDT

The trend is making a symmetrical triangle.
In the symmetrical triangle, you can see the trend is descending, and it will continue to fall up to the particular targets, which are shown in the charts (T1 2886 & T2 2800).

After knocking the lower ascending trendline with higher lows (support), It will bounce to the upper descending trendline with the lower highs (resistance). After that, If the trend makes consecutive candles, there will be an ascending trend. But don’t sell if the trend falls and crosses the stop loss.

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Nifty price traveling towards the 5th W. for target 11900 & …

Posted: 06 Oct 2020 11:33 PM PDT

Normally I don’t prefer to trade with a heavy position at 5th wave especially, whenever the 3rd wave is extended. In this case, we’re moving toward forming the 5th Wave.

I have already predicted 5wave of A, B, and C by using future expected retracement.

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The post Nifty price traveling towards the 5th W. for target 11900 & … appeared first on Moneymunch.