NIFTY - At the end of the C Wave - DIAGONAL SEEN
NIFTY CMP: 23720 - HOURLY CHART attached
Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line.
Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now)
Wait for the price action to mature..
Not a place to go long or short at this level
If the price breaks below 23600, then recount is needed.
I am not SEBI Registered. Please consult your Financial Advisor before making any investment decisions
Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line.
Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now)
Wait for the price action to mature..
Not a place to go long or short at this level
If the price breaks below 23600, then recount is needed.
I am not SEBI Registered. Please consult your Financial Advisor before making any investment decisions
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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