ECB Rate Cut Signal- Indian Markets to Bounce from 11650

While Donald trump is searching for commas in every statement from J. Powell. We as bunch of technical analyst were hungry searching for patterns which can show us the next direction for our markets.



Trading Strategy

As discussed last, we expected an upside push from the pattern failure because it failed to activate below neckline.

Targets above 11700
11850-11875

Targets above 11900
12100-12200 which is close to the channel top.

Previous Ideas

Head & Shoulder with Right Shoulder to start from 12000 Highs

Can Right Shoulder support Right Shoulder at 11800

12:22

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Congrats for Hind Zinc Fall from 330 to 230 as discussed in the last idea

Hind Zinc - Hot Century -Non Stop - Can Double Top Stop at 330

Trade closed: target reached:

Target 1 reached - very close to 11850. Thanks