Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor
before taking any investment decision
Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios
1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at least 30% (around 1000 levels)
2. We are in wave C of Major ABC - In this scenario it could be a good swing trade with an upside target of at least 10% - 12% (around 860 levels)
For any entry at the current level, stop loss of 3-4% should be good
before taking any investment decision
Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios
1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at least 30% (around 1000 levels)
2. We are in wave C of Major ABC - In this scenario it could be a good swing trade with an upside target of at least 10% - 12% (around 860 levels)
For any entry at the current level, stop loss of 3-4% should be good