CNXREALTY trade ideas
NIFTY Reality : Poised for another 30-35% correctionNIFTY (Reality) - Weekly Chart
1. After CHOCH the best place to initiate buying in this sector lies 30-35% below the current Levels.
2. Sectorial churn makes this indice less attractive at current levels.
3. It may retest the OB at around 550-580 levels (The Green strip) on the chart
Nifty Realty upside potentialThe U-shaped recovery of the Realty Index indicates a strong upside potential. In the worst-case scenario, it may retest 534.2, with my first target set at 3647.05. Given their robust financials, Oberoi Realty and Lodha are likely to emerge as leaders. The industry is already experiencing strong demand in the premium segment, with supply constraints observed. Fresh launches are crucial at this stage, and the anticipated government capex could further accelerate growth in the sector
Decoding the Mystery Behind Dec 20 Fall - Part 66. Nifty Realty -2.43%
3 Months / Monthly - Beautiful Rounding Bottom structure - BO also done already @ 3M scale
Weekly - Upward Parallel Channel Structure with a Confluence of 3 Months Resistance @ 755 acting together. Double Resistance - Double Strong Analysis and a big fall today
Its not your FII friends / Covid Virus / Christmas Santa pushing these sectors down. On a normal day when any stock / sector faces a Resistance - it is bound to Fall - that's like an Open Secret. This is exactly what happened today. So Why so much Hangama ??
Nifty Realty shortNifty Realty one hour chart analysis price come down 5 wave .
first down fall 5 wave indicate zig zag correction
Wave A internal wave 1,2,3,4,5 and Wave B internal wave bounce upside Wave A,B,C
and line draw 0-b trendline price cross down side confrim . Wave C start again down side Wave C internal Wave 1,2,3,4,5
NIFTY REALTY, Read the idea first and then decide.After forming a X-wave, Nifty Realty is almost ready for the Flat if it will go above the 492, If it will go above 510 then it will form a Flat with strong-B, because once if it will cross the 510 level then it will go above the top of wave-A, in this case wave-c may not go below the low of wave-A 442. If It will take turn from the below 510 then chances are very high that it will go near the 442 levels, if it will break the 442 levels then it will go much below to finish the wave-c.