Last Week we gave Chopad Levels of 8602,
Nifty close above the chopad level on Monday giving Long entry to
Chopad Followers and did all 3 target by Wednesday. Last Week Chopad
Level of 8602 was major support for bulls as Nifty failed to close below
it.
As discussed last week As
per Gann Time Analysis we are approaching 77 Week from top of 9119,
expect impulsive move in coming week or at most next week. We saw impulsive move as expected. Lets analyze how to trade nifty in coming week.
Nifty Hourly Chart
Nifty
traded in the blue channel as shown above, touching both upper and
lower end of channel suggesting breakout or breakdown should come in
next week. Break of 8470 can see move towards 8300/8225. Break of 8700
required for move towards 8800/8851.
Now for coming week Bulls need to hold 8774 for move towards 9000/9120.
Nifty Harmonic
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