Every dip is bought in to same day.Is it ready for a bigmove?
After touching low of 23263 nifty has thrice declined markedly and these dips were bought in to same day or next day 28th nevember dip was bought in to next day.If we consider the on going up move is an impulse move then these decline can either be 2 nd wave or 4th wave.4th and 5 th december decline can be 4 th wave of that impulse wave.I have market two 1,2 on the chart out of that one is bracketed.Bracketed 1 and 2 can not be 3 and 4 as inthat case wave 3 will be shorter than wave 1(unbracketed). In some cases wave 3 can ve shorter than wave 1 but in that case wave 5 must be shorter than wave 3.For the time being I am omitting this option 3<5.
So we are having two 1,2 in nifty in such scenerio we can have appreciable progress in nifty index.Main task before Nifty to over take 5 th december high that is 24857,it has broken the low of 5 th december already otherwise ir will be a lower low and lower high structure.
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So we are having two 1,2 in nifty in such scenerio we can have appreciable progress in nifty index.Main task before Nifty to over take 5 th december high that is 24857,it has broken the low of 5 th december already otherwise ir will be a lower low and lower high structure.
If this post helps you like this post.
follow me to get updates.
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