Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Short Video The current fall looks very sharp & nature of X-wave from wave analysis perspective & as suggested if 42400-42500 holds then bounce can be expected upside towards 42800 / above 42800 to 43100-43200 / above 43200 for highs of 43500 back
Once it falls below 42298 - current day, it can attempt 41597 lows as per Plan-D from last move / idea for 2022.
Thanks for watching.
Trade active
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10:20 AM / 6th Jan 2023
Last @ 42325
Index is in complex correction & it will do ups & downs several times + you have to take care as suggested that every upside bounce selling will be coming. This zone 42400-42500 is important with +/- 100 points on either direction
that means 42300 which is 100 points below & 42600 which is +100 points above the range 42400-42500 are most important levels & Index will move in respective direction -if holds
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10:53 AM / 6th Jan 2023
Last @ 42350
Traders's emotions will get tested close to 42300 downside & 42600 upside as suggested in the last comment above.
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12:13 PM / 6th Jan 2023
Last - 42308
To avoid any surprises traders have to take position next either above 42375 or going below 42300 this time can be sharp move downside testing 41900-41950 minor support zone
Trade closed manually
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12:31 PM / 6th Jan 2023
Last - 42232
Dropped to 42193 . Kindly manage the risk & trade carefully. Thank you
Trade closed manually
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1:36 PM / 6th Jan 2023
Last @ 41971
Day Low @ 41916 ----------Index slipped to 41900 -41950 zone as suggested an hour back. Thank you
Abhi sir, Can you please check Bharat forge charts- DTF- seems like wedge structure and unfolding for penultimate wave. #sorry for using same words you used for bank Nifty….
WaveTalks
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@Sonal0809, Hello dear. Bharat forge is currently trading at 882. I would suggest you to be careful anytime it moves below 800
Sonal0809
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@AbhishekHSinghCMT thank you so much sirji 🙏
kinikeshav
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Thank u so much 😇
TKMum
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Thanks for an update on BN. BN moves as per your analysis. Superb.
ArasuKutty
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What a perfect move on timing sir.Your plan ABC & D closed .
Piyushsid2020
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plz now time review correction? ya falling
WaveTalks
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@Piyushsid2020, In overall structure, fall has not started yet if you compare the fall from 44151.80 to 41597 lows so this is in between & looks more of a corrective & time consuming structure.