In the current scenario, 1 possibility exists:-
1st done 16828–20222; 2nd wave done @18838; 3rd wave unfolding
3.1:18838– 22124;
3.2:22124 –21137
3.3: 21137 – unfolding..
For Thursday: Nifty tests 50DEma but in downtrend till below 22250.
Day CPR :22147-147(0); Week CPR: 22560-640(80); JNSAR:22536
For ST traders, the Hour Trend indicator(MACD): is a great tool to initiate, hold & exit positions.
Trade plan:
- BEARS: Last fall Retracement @ “22250″ must resist for lower targets of 22075 & 22000
- BULLS: Last rise Retracement @ “22125″ must hold for higher targets of 22225 & 22300
Learn to count 1,2,3,4,5 & a,b,c & its repetitions “n” of times in stocks & indices with.. Frost and Prechter’s book “Elliott Wave Principle”- a free online version of the book is available here – the link. bit.ly/2Zj9v3W</a
Namaste Sir,
Charan sparsh……