It is a misunderstanding that TA is not worthy for trading.
But TA is the only tool available for traders who makes huge profits without any FEAR or HEDGING.(Multiple combination of Calls&Puts)
My chart showing that the recovery in NIFTY (wave 'XX'/B) is nearing its completion on 05/01/2022.(as per NEO wave TIME cycle).
Bearish TL connecting wave ''B'' and wave ''X'' will give a greater resistence to NIFTY .
PUT writers think that new Bull wave started in 2022, but the story is different . As I believe NEO wave analysis strongly, I bet that NIFTY will not make a NEW WAVE rather it will start its bearish trend from 05/01/2022
REMEMBER next is wave ''C'' to resume , Which is a Classic 5 legged Elliott Wave pattern with more price movements ,good for OPTION BUYERS
First target of wave''C'' is 16470 (62% OF WAVE ''A'')
B SELVAM,BE,MBA
OPTION BUYER & COACH