Looks like the corrective pattern C LEG is playing out within the channel.
Wave counts and the subwaves counts are marked in the chart in hourly TF
200 HEMA will act as a resistance and also best zone to enter in to shorts (for a good RR set up)
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Wave counts and the subwaves counts are marked in the chart in hourly TF
200 HEMA will act as a resistance and also best zone to enter in to shorts (for a good RR set up)
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Trade active
from 34500 to 28500 solid 20% downmove.. at 27K buying could emerge.. no point in staying short.. book profits and exitTrade closed: target reached
Will look at buying opportunities around 27K
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.