Deepak Kumar | SweeGlu Elliott Waves

#Nifty achieved minimum 23258-23458 range, but there is no sign of downside reversal yet. Immediate support is at 23218-23080 now & Nifty is in positive zone as long as trading above this support. Next upside Important range is 23636-23985 range. We need to wait for break below the immediate support to confirm the Top for next downleg. Detailed explaination in Yesterday's Youtube Video.

23009-22941 is fresh Immediate Support & Trade Planning zone in Nifty. But wait & watch, not a buying trade - trade needs confirmation. Low risk entry for buying is 23009-22941 range - but only after confirmation. Selling is safe after sustaining below 22941 only based on SweeGlu 38% RBTS.

#Nifty touched 23016.75 twice (max limit of wave 5). Which means it was not wave (v) of (C). So, the pattern we marked earlier is negated. Fresh counts will be explained in Today's Youtube Video.

#Nifty can rise further after break above 23021 only. So, Safe Trading Strategy is to wait for break below 22845 to Sell with SweeGlu 38% RBTS - as long as Nifty is below 23021. Detailed explanation in yesterday's Youtube Video: Break above 23021 would change the whole pattern. The wave counts will be revised on this case.

#Nifty achieved 22868-22934 range. Now, it's time to Stop Buying & look for Selling opportunities with confirmation from lower degree pattern. Rules & Calculation based emotionless SweeGlu Elliott Wave analysis. Depth analysis in yesterday's YouTube Video.

#Nifty roadmap for coming Days & Weeks - Important levels - Next 2-3 swings - Where to trade - When to trade - How to trade - Detailed analysis Everything is explained in this Youtube Video. youtu.be/IlEKOywKX_s

Overall, #Nifty needs to touch 22868-22934 range before any further decline to keep the pattern intact. But it is tough to plan a trade for bounce with Lowest risk or smaller stoploss. So, strategy is still to avoid selling - buy no Buying Setup yet. The invalidation of SweeGlu 38% RBTS setup disturbed the inner most structure.

SweeGlu 38% RBTS entry activated in 23596-23576 range & Stoploss triggered at 22540. It's Exit from long trade.

#Nifty Avoid Selling & Buying after break above 22632 is the safest trading strategy for next 1-2 sessions. 22686-22934 would be probable target range after break above 22632. -the Execution after preparation based on SweeGlu 38% RBTS.

22640-22509 is the range to looks Buying towards 22868-22934 range - the internal SweeGlu Elliott Waves roadmap This is preparation for the next trade in Nifty - not the actual trade. Actual trades would be initiated after confirmation from internal pattern during market hours.

23700-24000 seems possible in next 1-3 months in #Nifty & this is how it can reach there. Internal pattern started getting clearer. Stay connected to ride every up-down swing of this whole roadmap with SweeGlu Elliott Waves lower-degree analysis seperately.

Although, #Nifty is in still in resistance 22588-22772 range, but any upside corrective pattern is not completed in resistance yet. The pattern is not even showing the personality of upside Impulse. So, wait & watch until lower/higher degree pattern get in same line.

22679 is 38.2% retracement of whole decline started from 22787 - maximum limit for wave 4. This 38.2% strictly should not have been even touched if it was wav 4. Marking wave 4 after touching 22679 is absolutely wrong marking. Wave 4 was negated on Friday only after break above 22772.

A low is #Nifty is still pending. 22588-22772 is still the resistance. Most Important: the last decline from high 22787 is not (12345). So, 22679 will not work as upside breakeven point. That's why I posted resistance as 22588-22772, not the 22588-22679. Safe trading strategy is still Sell on Rise as long as trading below 22772. Out of home town, so can't post the chart.

#Nifty touched resistance 22588-22772 range. - internal pattern favors decline. - but no favorable Risk Reward in Selling yet. We need to wait for sustain above 22700 for any upside. We have probable roadmap - but no Low Risk - High Reward & confident trade setup yet. Wait & Watch.

22588-22772 is emerging as Resistance in #Nifty - even 22182 again is possible. It is not a Selling trade - but just a preparation for next trade. A trade needs confirmation from internal pattern. Breaking above 22772 followed by break below 22554 has disturbed the Bullish Structure. There is always something abnormal whenever a SweeGlu Elliott Waves pattern negates.