Nifty has been climbing higher & higher even though people are predicting a fall since long time.
Market has few highs to be captured and till then I believe Nifty will continue its journey.
Currently it is in the last leg of the uptrend and working on sub wave v of sub wave 5.
Sub wave 3 was not extended wave and hence sub wave 5 is extending above .382 level.
Wave 3 also did not extend and hence wave 5 will be extended wave.
19k is looking on cards and till then keep trailing SL on the upside.
Correction is inevitable and will come when the uptrend is done.
RSI divergence can also be seen by the blue arrow.
Stay safe and Trade safe.
Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.
Market has few highs to be captured and till then I believe Nifty will continue its journey.
Currently it is in the last leg of the uptrend and working on sub wave v of sub wave 5.
Sub wave 3 was not extended wave and hence sub wave 5 is extending above .382 level.
Wave 3 also did not extend and hence wave 5 will be extended wave.
19k is looking on cards and till then keep trailing SL on the upside.
Correction is inevitable and will come when the uptrend is done.
RSI divergence can also be seen by the blue arrow.
Stay safe and Trade safe.
Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.
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Nifty touched 18881...
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