Nifty could have completed 5 wave impulse up at 18267. If this doesn't get broken then likely 3 wave drop towards 17550-400 zones possible.
MACD negative divergence and open bearish gap suggest bearish trend to continue few days.
2nd Chart shows internal count of wave 5. It also shows 0 to 4 trendline about to be broken
Next wave 2 of A will pullback Nifty up to 18190 in next 1-2 session
From there 18055 break will pull down Nifty to 17700-800 zones to complete A wave. Then there will be B and C wave
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There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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MACD negative divergence and open bearish gap suggest bearish trend to continue few days.
2nd Chart shows internal count of wave 5. It also shows 0 to 4 trendline about to be broken
Next wave 2 of A will pullback Nifty up to 18190 in next 1-2 session
From there 18055 break will pull down Nifty to 17700-800 zones to complete A wave. Then there will be B and C wave
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------