Nifty - Corrective Wave + Bearish Bat (Selling Below 15045)

Reasons for sell
• Falling Trendline can act as resistance connecting 15336 & 15045 Highs
• Corrective wave close to end its structure which started from 14416 lows
• Bearish Bat Harmonic structure PRZ below 15045

More confirmation for selling to be confirmed
• Once Index takes out 14890-14900 zone
• Slips below gap up zone 14828-14892 zone

Target Downside
• 14765 (Target 1)
• 14725 (Target 2)
• 14605 (Target 3)
• 14415 (Target 4)
• 14350 (Final Target)

Stops or Invalidation Level*****************
• Rally upside above 15045

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Last Idea Published

Nifty - Deep Crab Harmonic Pattern 14875-14900(Buy & Sell)

Dagangan aktif

09:39 Hrs / 14th May 2021

Last @ 14650

Day Low @ 14618

#rd Target - 14605.......Almost reached. Book Profits & Next Sell only below 14400 or we wait & watch

Dagangan ditutup: sasaran tercapai

12:27 Hrs / 14th May2021

Last @ 14640

14765 (1st Target) / 14725 (2nd Target) / 14605 (3rd Target) - Partial Targets reached as suggested.

Thanks & Happy weekend

WaveTalks

Best Regards,
Abhishek H. Singh
SEBI Registered Research Analyst (INH000030092)
Founder - WaveTalks ( wavetalks.in)

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