#Nifty
Bias changed to +ve when #priceaction closed above 200Ema, 21935 & above 61.8%, 21945.
Then, it was attempting the next #retracement 22117, another 61.8%.

Now, it looks to be attempting the next #retracement of entire fall fm 22776 - 21778, provided it holds last rise…

Follow last fall #retracement to identify whether
the rise is just a normal #correction of last fall ?
OR
is it a major #correction of bigger fall ??

Once #Nifty moved past 21945, it signalled a larger #retracement of larger fall fm 22327 to 21778.
IF moves past 22125, then…

Now, #NiftyFut @ discount !!🤔

#Nifty

Above 21890, attempt @ 200Ema & 61.8%
200Ema = 21933 - 'High done 21937'
61.8% = 21945 - 'High done 21948'

Above 21950, intraday bearish bias changes.
Bearish BIAS then returns IF breaks 21900.

#Nifty '1 Min. t/f'
getting resisted repeatedly @ 200Ema = 21933
BIAS changes IF closes above it in smaller t/f.

#Nifty

Above 21890, attempt @ 200Ema & 61.8%
200Ema = 21933 - 'High done 21937'
61.8% = 21945

#Nifty
#Elliottwave till below 21935-950 only valid.

#Nifty
stuck in a small range of <<-21850 - 21890->>

Below 21850, new low likely
Above 21890, attempt @ 200Ema & 61.8%

#Nifty
bounced into last fall #retracement zone
of 21881-945 = 'High so far 21903'

Weakness starts breaking 21875,
keeping below 21950

#Nifty ' 1 Min. t/f '
Follow last fall #retracement (22048 to 21778)
@ 21881-945

Based on significant gap down, the 'revised #VFTradeTable levels' for the day.

Market speaks to you at critical junctures with it's #priceaction
when it happens in higher t/f, it should be taken seriously.
#Nifty 's Gravestone Doji #pattern of last week was one such message.
Higher t/f #technicals overpowers all lower t/f !

#Exideind Hour t/f
Overbought.
Keeping below 475, likely do the #retracement for the last rise fm 290 to 482 @ 408 or 386.

#HAL Day t/f
IF remains below 3768, normal #correction could be till 21DEma, 38% #retracement @ 3440-3465.

Below 3225, larger #correction come into play.

Follow last rise #retracement to identify whether
the fall is just a normal #correction of last rise ?
OR
is it a major #correction of bigger rise ??.

For eg: #Icicibank 's last rise being 899 to 1114, it's normal #correction is till 61.8% +/-5%
Hence, till 965-985 holding.

#ITC Hour t/f
Keeping below 423, heading to 405.

#tradeplan for #nifty 19th Apr. FRI

#context
A '5' almost done fm 22327 - 21962
Mild #corrective bounce to 22101-145 likely.
(Below 22150, bigger #correction )

#CPR '22045-144' (Wk. #CPR : 22560-640)
#Movingaverage 22242
#Elliottwave ⬇️
#Retracement '22101-145' & '21763'

ST

#Nifty , in #downtrend , tests 21DEma & falling to test 100DEma. jusnifty.wordpress.com/2024/04/18/nif…

#Divislab 's Hour t/f chart for #context

A decisive move past 3822 would confirm 3rd wave..