Nifty Elliottwave Analysis 25 Mar 23
Updated
Dear Traders,
I am looking for reversal on 16850 to 16900 levels. As per my elliottwave analysis wave b ended on Mar 20 and looking for wave c with the target of 18600 level. Nearly 1600 point swing on the way.
Why i am consider from January to March price action as wave b, Looking at the RSI it is in the very narrow range of 55 to 30 for last 3 months.
I am looking for reversal on 16850 to 16900 levels. As per my elliottwave analysis wave b ended on Mar 20 and looking for wave c with the target of 18600 level. Nearly 1600 point swing on the way.
Why i am consider from January to March price action as wave b, Looking at the RSI it is in the very narrow range of 55 to 30 for last 3 months.
Note
First sign of recovery is confirmed on 29 mar Price Action.Note
31 MARCH 23 -- Nifty went up nearly 280 points... Looking for further upside on April Month...Note
I am waiting for good entry in April Month in Between 17100 to 17050 level. Deep correction expected on coming days...Note
NIFTY REACHED UPSIDE CHANNEL RESISTANCE... I AM GNG ENTER SHORT FOR 300 TO 400 POINTS CORRECTION...Note
Entered Short @ 17600 level.... Long Also closed 600 Points Profit On long Side
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