Nifty, in downtrend, tests 21DEma & falling to test 100DEma.

On By ilangoIn Uncategorized

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 Friday: Nifty, in downtrend, tests 21DEma & falling to test 100DEma.

Day CPR :22045-144(99); Week CPR: 22560-640(80); JNSAR:22482

For ST traders, the Hour Trend indicator(MACD): is a great tool to initiate, hold & exit positions.

Trade plan:

  1. BEARS: Last fall Retracement @ “22150″ must resist for lower targets of 21800 & 21650
  2. BULLS: Last rise Retracement @ “21925″ must hold for higher targets of 22100 & 22150

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

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