Explained in chart. A downtrend is in play. Best explanations are the simple one. Not the complex wave patterns which everyone seems to be running behind nowadays.
I'm open for disscussion and comments.
Thank you!
*It is not a investment advice but a analysis on which you can make your decisions for investment or trading. All the best*
Trade closed: target reached
As you can see The targets were not definitive and Nifty made a low of 15600. People who were short should have booked profits at these levels
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