MoneyMunch.com |
Nifty Can Take Two Steps Back Before Skyrocketing Posted: 14 Nov 2021 02:28 AM PST This week nifty may break 18350, and this level will increase high buying pressure. The above chart shows that nifty seems price is forming a leading diagonal. Moreover, wave 5 is the ending point of the leading diagonal. And completion of wave ‘i’ the wave ‘ii’ will take place. The wave ‘ii’ is corrective. So the day traders can initiate buy position there. It’s a golden opportunity because of moderated risk here. Safe intraday traders can enter at the breakout of wave i. This point is also initiating an opportunity. If the acceleration phase is sturdy, then It can hit 19200. Please note that wave ‘2’ can never overlap the starting point of wave ‘1’. Please log in to read the entire text. Only premium subscribers can read the full article. If you don’t have a login yet, please subscribe now to get access. Would you like to get our share market updates instantly? Do you want to get premium NSE calls? If you have any questions or concerns about the stock market, don’t hesitate to contact me:
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers. The post Nifty Can Take Two Steps Back Before Skyrocketing appeared first on Moneymunch. |
You are subscribed to email updates from Moneymunch. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |