NIFTY ALTERNATIVE-2
The entire up move from 21965 to 23869 is 3 waves rise so what if NIFTY is forming AN ENDING DIAGONAL PATTERN as in 3-3-3-3-3-3 formation then my answer is yes it can form this formation in wave 5th because ENDING DIAGONAL mostly gets visible in wave 5th or wave C. so this also has a very good chance to come in action.
Now if this formation is active in the market then we have one KEY LEVEL which is 22250 spot levels in hand. Which means if this wave formation is active then NIFTY must protect 22250 on closing basis and it should absorb all the global volatility above this levels and soon next couple of day it should start moving higher.
THIS FORMATION IS BULLISH WITH WILD SWINGS AND IT GIVES VOLATILE MOVES EVERY NOW AND THEN AND KEY LEVEL IS 22250 SPOT LEVELS CLOSING BASIS.
The entire up move from 21965 to 23869 is 3 waves rise so what if NIFTY is forming AN ENDING DIAGONAL PATTERN as in 3-3-3-3-3-3 formation then my answer is yes it can form this formation in wave 5th because ENDING DIAGONAL mostly gets visible in wave 5th or wave C. so this also has a very good chance to come in action.
Now if this formation is active in the market then we have one KEY LEVEL which is 22250 spot levels in hand. Which means if this wave formation is active then NIFTY must protect 22250 on closing basis and it should absorb all the global volatility above this levels and soon next couple of day it should start moving higher.
THIS FORMATION IS BULLISH WITH WILD SWINGS AND IT GIVES VOLATILE MOVES EVERY NOW AND THEN AND KEY LEVEL IS 22250 SPOT LEVELS CLOSING BASIS.
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