Nifty wave C 80% completed & heading towards 17255 - 17161
-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level
-As discussed in last post wave C generally retraces to 100% - 130% in most of the cases
-markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started
-safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100
-After that we can expect new wave cycle from there but we will discuss it when the time comes
Hope this idea was helpful & good learning experience
-As discussed in last post wave C generally retraces to 100% - 130% in most of the cases
-markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started
-safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100
-After that we can expect new wave cycle from there but we will discuss it when the time comes
Hope this idea was helpful & good learning experience
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