Formed Falling Wedge Pattern on Daily Chart ,As Per my Study & Observation After Given Breakout and after Impulse Move the Next Move of Retest or Retracement @ (32953) is Pending on Card. on 11 March 2022 it has tried to Test 38.20% Level & Got Rejection @ 34880. On Daily Chart Candle Managed to Close Just above Previous day’s Close @ 35546.25 Now 11 March 2022 High 34880 & Low 34094 is Important If Trades Below 34094 then We Can Expect 1000 Points Downside Move till 32953 and if Sustains & Trades Above with Positive Bias then it will start its Journey for First Target @ 50 % (35790).So Retest is Important. As per Elliott Count it has completed 12345 Structure & in the Process of Forming ABC.. Out of That a Impulse Move of A has Been Completed On Election Result Day on 10 March. Now As Per Pattern Corrective B is Pending On Card & Then it Will Start Again For Impulse Move for C till 50 % & 61.80 % You Can See Clear & Deep Picture on Hourly Chart.
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