Indigo in weekly is showing a Sign of weeks with ABC pullback and over&under head cut pattern. The pattern itself is not confirmed and will get confirmed only below 1236.
Currently if 1347 is defended in indigo by bears then storm is coming in Indigo.
Objective is 938 with time of hold till 16-april atleast.
Aggressive setup: Short on CMP with sl 1347 target...
Banknifty saw a 3 weeks of party from bears, falling from ATH 27652 to this week close of 25163 shedding over 2489 points. Now the line of hope is near the bulls. Bulls by all means will try to defend 24600, the final line of defense for me is 23635. if 23635 breaks, embrace yourself as storm is coming, long time market will be shifting to bear phase with all the...
