Update to the previous post - Aligned the wave labels correctly since we have the structure in lower timeframes (15m/5m).
I still believe primary trend is down and what we are seeing now is a bear market rally, NIFTY bounces level for this rally will be around 17600 and 17750. Only slight change in targets from the previous post.
Can long until these targets , once reversed then downtrend will resume imho. Let's see how this projection goes.
I still believe primary trend is down and what we are seeing now is a bear market rally, NIFTY bounces level for this rally will be around 17600 and 17750. Only slight change in targets from the previous post.
Can long until these targets , once reversed then downtrend will resume imho. Let's see how this projection goes.
Note
first target reached and now in hourly supply zone. will struggle here imhoNote
if 17300 holds then i will switch to bullish alternative counts soon. we are making higher highs and lower lows in the last 2 weeksNote
Heading towards 17536
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.