Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
Simple 5-3 Elliot Wave Pattern in Nifty Future Hourly Charts
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Chart shows the Simply Elliot Wave pattern in Nifty Future hourly charts with 5-3 Wave pattern.
It is also inferred that a formation of inverse head and shoulders pattern in hourly charts with
formation of head near 4157 levels and shoulders around 4220 levels offering a next level of targets
at 4429(50% retracement) and 4494(61.8% retracement) as the neckline breaks.
Nifty future is expected to face strong resitance near 4500 zone in coming days
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Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
