Nifty Elliottwave Analysis 25 Mar 23
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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Disclaimer
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.