Nifty trend looking weak downside expected
Nifty has completed channel bound ABC zig zag correction crossed near 70-80 of fall from 17800.
Price has formed ending diagonal pattern in wave 5 of C also negative Divergence on 5 min chart.
We may start dip tomorrow if breaks 17570 levels.
Stop loss must be kept as top of 15 min candle breaking 17570 for downside towards 17430 then 17270
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
Price has formed ending diagonal pattern in wave 5 of C also negative Divergence on 5 min chart.
We may start dip tomorrow if breaks 17570 levels.
Stop loss must be kept as top of 15 min candle breaking 17570 for downside towards 17430 then 17270
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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