Wave Strategy Home Forums Trader’s Forum nifty movements

This topic contains 4 replies, has 1 voice, and was last updated by  Rahul Hare 8 months, 1 week ago.

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  • #193711 Reply

    battina ravikumar

    if nifty opens above 12065  it may test 12175

    if it consalidates above 12100 and 12175 we may see arally

    strict stoploss 12040

  • #194256 Reply

    Rahul Hare

    wave count helped capture 80 points ..

    seems like we are flirting with 11880!! If that is respected on a bigger time cycle ,we will be finishing wave A of the correction leg and will start wave B on the upside ..

    range bound will be the story for now 12150-11880

     

  • #194278 Reply

    Rahul Hare

    Wave

  • #194481 Reply
    Profile photo ofashishkyal
    Ashish Kyal, CMT

    Hi Rahul, The internal counts does not look appropriate. If you counting 1 to 5 then it has to be a terminal pattern. Try to connect this pattern with the earlier rise.

  • #194562 Reply

    Rahul Hare

    <span style=”-webkit-tap-highlight-color: rgba(0, 0, 0, 0);”>https://www.wavesstrategy.com/wp-content/uploads/hm_bbpui/194562/rmb2avzwasgitpoze607iid28udenpy5.pngThanks </span>Ashish , ok got it .

    But  even on the bigger cycle ,it ends at c..

    and on the corrective pattern ,seems wave A has finished because 11880 was protected. B has now started  giving an upside to 12000/12050 and it should retrace from there  Wave C and try to test 11880 again..

    Bollinger bands is giving a good indication of the move.

    Your view ?

    on bigger picture ,it will be range  bound unless 11880-12150 is protected .

    but capturing  intraday move possible..

     

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