![]() In this case, traders can expect the following targets: 1731 – 1744 – 1793+įurther information will be provided to premium subscribers shortly. There is also a possibility of price reversal. If the price sustains below the parallel channel, traders can trade for the following targets: 1680 – 1660 – 1625.Īs history shows, the channel has worked as a good support level. Price has broken down the corrective base channel. Generally, it is called the transformation of a bullish trend into a bearish one. It took five trading sessions to correct seven bullish sessions. In our previous idea, we traded the 5th sudden wave and made a good profit.Ĭlick Here – Will GRASIM Reach The Final Target?In the aftermath of wave (5), we have witnessed a sharp decline in the price. GRASIM has accomplished the impulsive structure at 1816.25 and started forming correction. If the price fails to hold this support, sellers will drive the price to the next support level 16800. There was a return to the major parallel channel for the price. Python script for converting CSV to QIF Resources. If the price sustains above 17180, traders can buy for the following targets: 17496 – 17643+. Separate script for PayPal as it can deduct fees but does not represent these deductions as a separate line item. It is important to note that previous wave 4 causes the corrective structure to end at that point. ![]() It is also at 38.2% retracement level and low of wave 4. Nifty is moving towards its support level of 17182. ![]() After the completion of wave 5, we have seen a downward move of 803 points. Price couldn’t close above wave x at 18111 and end up losing the bull’s interest. Premium subscribers will get trade setup with entry, exit, & stop-loss on our mobile application.Īfter completing corrective wave 4, Nifty has begun forming impulsive wave 5. If the price sustains above 100% Fibonacci ratio at 135, traders can buy for the following targets: 142 – 163 – 176+. Invested in the right way, in the right place and at right time, even few trades can. We are a medium to share their thoughts, trade setups, research, and analysis. Moneymunch contributors and authors have more than one decade of experience in this field. In this situation, traders should not be haste to trade, but wait for the ideal entry. We help without any cost to those who want to invest money in the financial markets. The bulls couldn’t face the supply pressure. Wave Y has crossed the low of corrective sub-wave 4 of a lower degree. ![]() In this cycle, wave W is a basic flat, and wave y is a zigzag correction. Wave Y has traveled 100% Fibonacci extension of wave W. NSE HINDOILEXP had been forming double three corrections for more than eight months. NSE HINDOILEXP: Bull Trap or A Systematic Rally ![]()
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