Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high)
If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here.
Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High.
So, on broader view, it is still making LH and we may expect a LL and for trading that move we must see a breakdown of 15690 (HL level)
Today's high is also 78% retracement of yesterday's dip (which could also be wave B).
If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here.
Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High.
So, on broader view, it is still making LH and we may expect a LL and for trading that move we must see a breakdown of 15690 (HL level)
Today's high is also 78% retracement of yesterday's dip (which could also be wave B).