The most important lesson which I learnt in last 10 years in the market is just getting out of the way if you feel that by mistake you are trying to cross the rail track & suddenly you realize that fast train is approaching towards you. People who live in Mumbai, they know the importance of not crossing the track of suburban trains or just be out in time.
As suggested in the earlier running post - wave talks
Running Update - Wave Talks 895- 503 - Can it be 503 to 895
You should realize the importance of some key levels which I have been talking about in my post of auropharma that unless 775 & later 795-is crossed on upside -Bulls can be in danger. If that zone is crossed on upside -auro can travel smoothly to 850 & above.
What we have next?
with PRZ 738-745 is the resting zone or which falls in the channel as well. If 738-740 zone is intact on downside -pushing above 745 -we have good chances of 760-761 which upper boundary of the channel.
It should not hold below 738-740 zone for 15-30 mins else this structure invalidates.
Crossed 745 on upside.
At channel bottom -searching for support
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ