NIFTY 15 MINS WAVE COUNTS

12 апр. 2021 г.

Hi friends,
Nifty as per my previous analysis and follow up updates(in.tradingview.com/chart/NIFTY/exQhy9RY-NIFTY-15-MINS-WAVE-COUNTS/) failed to cross the #keyresistance and hence ended with #fakeout(failed breakout).
So as I expected further down swing or one more down swing...which did unfold decisively today.

what next..?

VIEW:
Expect to bottom out in the zone as shown in the chart.

Structure/Pattern:
impulse + double zigzag(irregular wave B) + impulse

Keynote for traders:
As I have been mentioning in my previous posts ;till key invalidation point is not breached I stay bullish in slightly bigger picture.
>>till major resistance is not taken out...all trades to be taken on the negative side in intraday. Positional traders should wait for "KEY RESISTANCE" breakout to "plan their entry" or they may take a bet as nifty approaches "key invalidation point for better risk/reward ratio.

Trading Plan:
#As there is pandemic fear one can hedge their long position in nifty if one wants to take a long bet near support zone(greenzone).DM me for any help with this regard.
#Look for confirmation near that support zone using one's own method(indicators/price action/moving average) and then go for long position
#Don't bet more than 2% of one capital for total risk in the trade.

#Disclaimer:
Above analysis can be referred to as educative in nature. One has to take decision as to trade as per his own risk.

Good Luck guys...keep trading...keep rocking 💥💥💥