RED Alert Unbiased Analysis NIFTY DEC 2022

Updated
Hello Traders

As we have seen a subsequent upside momentum in Nifty, watch out for the upcoming weeks

Valid upto 22-12-2022

1.414 level @ 18660
1.618 level @ 18920

Enter Short only after the Pink Trendline Breaks
To be more specific i would recommend PE buy only below 18300 for the above Harmonic Pattern Activation.

Upside momentum can catch up, levels upside as below all taken from harmonic and fibonacci levels
18660 / 18920 Short Term Levels
19000 / 19250 / 19450 / 19500 Mid Term Levels
19650 / 19815 / 19900 Extreme Levels
20000 / 20150 / 20250 / 20400 / 20600 / 20650 MAX PAIN LEVELS

Stay safe and Pick entry based solely on Volume.. No Entry otherwise.

UPI Payment for support: gunshot321dbs

Regards
Note
17980 is a buy zone. One can play reversal for double top pattern.. and a new anylysis might be needed
Trade closed: target reached
Chart PatternsHarmonic PatternsTrend Analysis

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