Following the Indian Stock Market,Nifty,Sensex and Stocks,by various Technical Analysis Methods for Intraday,Swing and Positional Trading to deploy Personal Finance,Maximize the Profits and Create Wealth.The Blog shares my Nifty Trading Analysis and Trading Strategies. No Tips here.
One can check couple of previous Posts to get the Trading insight and EW Counts being followed . Check charts there for developing Negative Diversions appearing in the resistance zone of 5950-70 starting for 10 min and moving to Hourly and Daily time frame and now in Weekly . The Charts and Observations have been updated below. -
Please check the trading insight provided at the end of the last post- CLICK HERE , we now move forward with it in the charts and observations given below-
The short term correction ended at apprx. 5548 level from where the uptrend started again. Please check the Post written at the start of November series for the insight where a likely target for the correction was expected near 5550 and then upmove to resume for higher targets - CLICK HERE Prices went to test and whipsaw 50dma but respected the Trendline support as shown in the last post . The last week update in the comment section mentioned-
