The anticipated rally fueled with spontaneous move of +132.45 to 8255 (fut) NIFTY. The update on NIFTY path ahead using daily chart Wave C of 4 forming triangular pattern. What can be next move ahead ?
NIFTY Chart
NIFTY completes Wave 1 (C) retracing 0.764 near 8065 - 8070 yesterday. Looks likely for a bounce up to 8220/8290 in the form of Wave 2 (C) up.
NIFTY Chart
NIFTY completes Wave 1 (C) retracing 0.764 near 8065 - 8070 yesterday. Looks likely for a bounce up to 8220/8290 in the form of Wave 2 (C) up.
Warning: This is just an educational view. Consult your personal financial adviser before committing any capital.
Raju V Angadi
Equity Research Analyst
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Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets
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