Corrective Wave, which started from 930 lows has fulfilled the minimum criteria of kissing the zone of 1035-1040 as expected in previous updates by making a close recent high@1032- where it travels 61.8% of ((ii))-(( III )) wave distance & could be a which is not confirmed yet.
It should hold below 1030 to give us confidence that a down leg has started for the 930-940 zone-likely trading in the range of 1020-1025. So, In coming session we need weakness in the stock & if that turns out correct, then we will likely plan to take selling opportunity on the bounce back & keeping a tight stop loss of 1033 & above.
Risk/Reward- 8.25 - Gain of 90 points & Stop of 11 points.
Related Analysis Attached Below
Closed -Do refer the latest ones always
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw