Description
⋅ Does it look convincing?
A pullback close to 200 EMA is expected.
Your thoughts ?
Comment
⋅ 200+ points down
Comment
⋅ Median price of 31772 hit. If it dips below this region, further downside to 31200 range (lower channel) is possible.
Comment
⋅ Banknifty is beauty. Such a nice turn from the exact median price. This is what happens when fibo level matches with a median price.
Comment
⋅ Close to top of the channel. Stay away until a breakout/crackdown/consolidation takes place.
Comment
⋅ 32060, bounce/crack. Channel working beautifully.