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Day trading guide for Wednesday
SECTIONS
Last Updated: Dec 15, 2020, 08:11 PM IST
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Synopsis
In case the price fails to resume uptrend above 13,600 and moves below 13,400, it will indicate the start of a corrective wave towards 13,150 or below.
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NSE
A strong closing on the Nifty yesterday indicates price could have completed a triangle pattern in wave IV of larger degree wave 3. A move above 13,600 will resume uptrend towards 14,100 if wave 5 is in equality to wave 1. In case the price fails to resume uptrend above 13,600 and moves below 13,400, it will indicate the start of a corrective wave towards 13,150 or below.