Nifty50 has got major support at current level or at yesterdays closing, holding below 10390 we might see fall towards 10336/25. But that looks difficult for nifty to fall towards that levels.
If Nifty holds above 11415, it might start moving upside for the mentioned targets marked w\ green horizontal lines
abc correction of wxyxz seems over at the current levels and might start up move, the c of abc has given 61.8% extension, which is fair enough for the halt of down move and 78.6% is at 11336/320 levels which is another major support downside.
If nifty fails to hold current level, and falls below 10390, still selling will be NOT recommended
Regards, Sharma yogesh
評論
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idea is to long* and not to short
評論
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well the series is 11000...and not 10000...some typo error made in this idea, please understand, thank you.
評論
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update didn't hold , now again close to major support
Hey won't the flag pattern be completed? Like from 12000-11461 so similarly downside target should be from 11700-11100?
yogi_sharma_elliottician
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@Vikalpbothara, well, we are not saying it won't fall, but we are biased towards bull side, and what is meant by completion of flag? It is not necessary that the height of pole is always the target.