NIFTY CMP: 23720 - HOURLY CHART attached
Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line.
Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now)
Wait for the price action to mature..
Not a place to go long or short at this level
If the price breaks below 23600, then recount is needed.
I am not SEBI Registered. Please consult your Financial Advisor before making any investment decisions
Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line.
Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now)
Wait for the price action to mature..
Not a place to go long or short at this level
If the price breaks below 23600, then recount is needed.
I am not SEBI Registered. Please consult your Financial Advisor before making any investment decisions
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.