Overall scenario is bearish but this is minor pull back observed due to major support touched at 15700 for first time.
At this point it was Consolidating during last year this time.
You can expect it to go around 16900 before we see a major reversal.
Always remember one thing. Trade while pattern is forming, only use channel or support/resistance at second touch after it hedge fund manipulation is already prepared to takeout masses.
sole reason for technical analysis is to collect trades of retail trader at one place so it can be countered by hedge funds. more people learning technical analysis makes it easy for hedge funds to earn. after confirmed pattern or support and resistance's 2nd touch on line, you will see either fake breakout or early reversal.
Always remeber, nothing here posted is Financial advice. this is for educational purpose.
Do not put money you need in stock market. FOMO can be tempting but that comes no closer to living under pressure of debt.
At this point it was Consolidating during last year this time.
You can expect it to go around 16900 before we see a major reversal.
Always remember one thing. Trade while pattern is forming, only use channel or support/resistance at second touch after it hedge fund manipulation is already prepared to takeout masses.
sole reason for technical analysis is to collect trades of retail trader at one place so it can be countered by hedge funds. more people learning technical analysis makes it easy for hedge funds to earn. after confirmed pattern or support and resistance's 2nd touch on line, you will see either fake breakout or early reversal.
Always remeber, nothing here posted is Financial advice. this is for educational purpose.
Do not put money you need in stock market. FOMO can be tempting but that comes no closer to living under pressure of debt.