Nifty can soon start it's up move. It'll break the black horizontal line and start going up. However, the count in the Bank Nifty is clearer, so an entry based on Bank Nifty would be a better idea. (The link for Bank Nifty is attached).
Kommentar
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Min. target for Nifty up move would be 8770.
Kommentar
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Also this is in continuation with the higher degree NIFTY move:
Kommentar
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An SL of 8592 would be appropriate for longs on Nifty.
Also, what's wrong with the previous ones? In fact, the previous Nifty studies have worked out pretty well.
Currently, I'm long on Nifty from 8566 with an SL of 8515 with a target of 8770 (as posted in one of the previous studies when Nifty was falling towards 8566) [just disclosing this one trade as you've commented this way]. It's something I've maintained since the past several days (in all the updates). And none of the above has yet been triggered. So could you pls tell what's wrong in them?
stockanalytix
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Good Analysis based on Elliot wave. My view also the same