NIFTY projected path after it hits bottom (ignoring a small 150/250 bounce as internal W4 which will waste footage only other than correcting the oversold oscillators).
If it's ED4, another ATH will come from 11100-10900 Zone (green path).
If it's W4, fall may continue after a considerable big bounce upto 11500-11700 zone then red path back to 10700-10500 zone.
10946 is a Fibonacci number
10927 is coming as a fibonacci target confluence
11025 & 10816 are Gann Neutral Squares with midpoint at 10920.
NIFTY has entered it's previous consolidation zone
If it's ED4, another ATH will come from 11100-10900 Zone (green path).
If it's W4, fall may continue after a considerable big bounce upto 11500-11700 zone then red path back to 10700-10500 zone.
10946 is a Fibonacci number
10927 is coming as a fibonacci target confluence
11025 & 10816 are Gann Neutral Squares with midpoint at 10920.
NIFTY has entered it's previous consolidation zone
코멘트:
109XX should come now. Will have to see there whether to book current short and reverse, or hold on for more..
액티브 트레이드:
Done, If Friday low remains intact on Monday, can reverse and go long for 11400-600 or even 12700. For now short trade continues, sustaining below 10800, lower targets will open..
코멘트:
Some correction in outlook. Expecting one more low below Friday's low before reversal, so can keep holding short unless sustaining above 11050. Can go long here..
Another entry, reverse & buy below Friday's low with 10790 CBSL or 10730 touch, whatever comes first.
Bulls SL 10790CB/10730 touch
Bears SL 11050 sustail.
Another entry, reverse & buy below Friday's low with 10790 CBSL or 10730 touch, whatever comes first.
Bulls SL 10790CB/10730 touch
Bears SL 11050 sustail.
After that, plan is to take long trade for either B bounce or ABC above ATH depending upon the structure of bounce..