Nifty Trading using Fibo and Diametric pattern

stock stock market trading Jul 07, 2022
Trading, Stock, Nifty

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Nifty Diametric pattern is working out precisely. Diametric is a 7 legged corrective pattern mentioned in Neo wave.

Combining this along with Fibonacci gives precise entry and reversal areas.

Nifty 60 minutes chart:

Nifty Is moving as per Time cycles and Neowave very precisely. We can clearly see Diametric pattern is going on currently.

In Diametric pattern we know that wave b usually takes lesser time than wave a. Over here we can clearly see that after wave x completion wave b took lesser time which was the hint to pattern recognition as Diametric. After this has happened trading will be extremely easy especially using Options. We know Diametric is a 7 legged pattern. So after wave b is complete one can think of riding wave c and subsequent trend on upside.

Time cycles can also be used along with this to time the exact entry on a 15 minutes chart. Fibonacci will give the targets.

In a nutshell, by combining this simple aspect of Neo wave with Time and Fibonacci strong high conviction trade setups can be formed on Nifty, Bank Nifty or any stocks.

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