Nifty In Consolidation 4th wave of C Before Next Drop
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First Look at larger picture on daily chart that we are in Triple three complex correction
We are expecting wave iv or 4th wave of C to be Triangle but its advance assumption.
Until wave D of triangle completes and bounces it can't be confirmed but consolidation still doesn't looks to be over so it carries good probability.
So we are expecting it to spend so more time between 16400 and 15775 range completing D,E waves.
If it breaks 16400 in next session then this can be flat correction as shown below max going toward 16430-40 level then drop
Overall we are expecting drop anywhere between 15300-15000
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
First Look at larger picture on daily chart that we are in Triple three complex correction
We are expecting wave iv or 4th wave of C to be Triangle but its advance assumption.
Until wave D of triangle completes and bounces it can't be confirmed but consolidation still doesn't looks to be over so it carries good probability.
So we are expecting it to spend so more time between 16400 and 15775 range completing D,E waves.
If it breaks 16400 in next session then this can be flat correction as shown below max going toward 16430-40 level then drop
Overall we are expecting drop anywhere between 15300-15000
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
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