Most Reliable Falling Wedge Pattern A sign of Reversal on Daily
Formed Falling Wedge Pattern on Daily Chart ,As Per my Study & Observation After Given Breakout
and after Impulse Move the Next Move of Retest or Retracement @ (32953) is Pending on Card.
on 11 March 2022 it has tried to Test 38.20% Level & Got Rejection @ 34880.
On Daily Chart Candle Managed to Close Just above Previous day’s Close @ 35546.25
Now 11 March 2022 High 34880 & Low 34094 is Important
If Trades Below 34094 then We Can Expect 1000 Points Downside Move till 32953
and if Sustains & Trades Above with Positive Bias then it will start its Journey
for First Target @ 50 % (35790).So Retest is Important.
As per Elliott Count it has completed 12345 Structure & in the Process of Forming ABC.. Out of That
a Impulse Move of A has Been Completed On Election Result Day on 10 March.
Now As Per Pattern Corrective B is Pending On Card &
Then it Will Start Again For Impulse Move for C till 50 % & 61.80 %
You Can See Clear & Deep Picture on Hourly Chart.
Buy Levels:-
Buy Above 34880
TGT 1 (35374),TGT 2 (35804),
TGT 3 (36252.70)
Sell Levels:-
Sell Below 34094
TGT 1 (33541),TGT 2 (33140.55),
TGT 3 (32948)
Bank-Nifty Hourly Chart Levels
and after Impulse Move the Next Move of Retest or Retracement @ (32953) is Pending on Card.
on 11 March 2022 it has tried to Test 38.20% Level & Got Rejection @ 34880.
On Daily Chart Candle Managed to Close Just above Previous day’s Close @ 35546.25
Now 11 March 2022 High 34880 & Low 34094 is Important
If Trades Below 34094 then We Can Expect 1000 Points Downside Move till 32953
and if Sustains & Trades Above with Positive Bias then it will start its Journey
for First Target @ 50 % (35790).So Retest is Important.
As per Elliott Count it has completed 12345 Structure & in the Process of Forming ABC.. Out of That
a Impulse Move of A has Been Completed On Election Result Day on 10 March.
Now As Per Pattern Corrective B is Pending On Card &
Then it Will Start Again For Impulse Move for C till 50 % & 61.80 %
You Can See Clear & Deep Picture on Hourly Chart.
Buy Levels:-
Buy Above 34880
TGT 1 (35374),TGT 2 (35804),
TGT 3 (36252.70)
Sell Levels:-
Sell Below 34094
TGT 1 (33541),TGT 2 (33140.55),
TGT 3 (32948)
Bank-Nifty Hourly Chart Levels
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.