Between 1150 and 1250, this looks like a good accumulation price/zone
Price had an impulse upmove from 1020 levels and went on to break the swing high at 1400
Faced Rejection at 200 DEMA and pulled back.
The correction is now seem to be over as the price is exhibiting bullish behavior at the support zone.
Primary and ALT counts on hourly TF
Daily chart with cloud/EMA and trendline
Daily TF chart with counts are copied below.
Price seem to have completed 1 of 5 and 2 of 5 also seem to be done with.
Even if the price has to go down, a pullback to 1325-1350 cant be ruled out.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. 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. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Price had an impulse upmove from 1020 levels and went on to break the swing high at 1400
Faced Rejection at 200 DEMA and pulled back.
The correction is now seem to be over as the price is exhibiting bullish behavior at the support zone.
Primary and ALT counts on hourly TF
Daily chart with cloud/EMA and trendline
Daily TF chart with counts are copied below.
Price seem to have completed 1 of 5 and 2 of 5 also seem to be done with.
Even if the price has to go down, a pullback to 1325-1350 cant be ruled out.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. 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. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
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.