Nifty Trade Setup: Wave 4th Selling Opportunity, 1:7 RR

Güncellendi
Nifty Wave Analysis: July 18th 2024

Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin.

Short Entry: 24587

Stop Loss: 24680

Expected Destinations:

23862 (23.6%)
23370 (38.2%)
And max 50%

Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future.

Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.
İşlem kapandı: durdurma seviyesi
Stop Loss triggered.
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