All rules of Leading diagonal is followed in Nifty. The correction may be deeper in case of Leading
Diagonal, generally the retracement for a diagonal is supposed to be in the range of .618 to .786.
The range between 15400-15600 is a good zone to accumulate. Long may be initiated near the rectangle shown.
Please do your analysis before opting for a trade/investment.
Regards
Diagonal, generally the retracement for a diagonal is supposed to be in the range of .618 to .786.
The range between 15400-15600 is a good zone to accumulate. Long may be initiated near the rectangle shown.
Please do your analysis before opting for a trade/investment.
Regards
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Please go through the updated chart
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Our Zigzag Expectation has been invalidated.
Now we can expect an Expanding Flat for necessary correction of .618x Level still valid: 15660
Now we can expect an Expanding Flat for necessary correction of .618x Level still valid: 15660
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DAILY CHART
