Nifty running up from 15671 like there is no resistance upside.
But when you take a closer look the the price is not straight up but its curving downside.
momentum loss is shown by MACD with negative divergence.
Hence the title THE END OF THE NEW BEGINNING
Price is going up as wxyz correction to previous drop and expecting end between 17890-18200 levels
The current swing confirmation break is placed at 17421.
Until now there is no signal of drop yet we should see it shaping up next week
The close look at last Fridays move looks to be Wave 3 of C upwards and details as given in below chart.
3 of C could end between 17730-80 then 4 would be zig zag going towards 17600 then final wave 5 up towards 17890 levels
The analysis only wrong if breaks 18605
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
But when you take a closer look the the price is not straight up but its curving downside.
momentum loss is shown by MACD with negative divergence.
Hence the title THE END OF THE NEW BEGINNING
Price is going up as wxyz correction to previous drop and expecting end between 17890-18200 levels
The current swing confirmation break is placed at 17421.
Until now there is no signal of drop yet we should see it shaping up next week
The close look at last Fridays move looks to be Wave 3 of C upwards and details as given in below chart.
The analysis only wrong if breaks 18605
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
