Wave-i gets retraced 61.8% in the zone 418-420 & likely will complete wave-ii.
We shall look for a pullback to 401-403 zone- if holds, then likely a bounce will be seen towards 418-420 zone or going above 413.50- it could move into the desired zone.
Previous Analysis attached as related analysis.
Bang On Target- As expected pullback has been registered & now can we expect the bounce- likely it has started also. Those who have taken sell in TS can take long as they have nothing to lose -only gain--gain & gain. Enjoy the day.
Book your profits if you want to lock them & go long if TS crosses above 411.50-412 zone
Heading for Double Dhamaka -first down 9-10 bucks from 411 to 402.50 & bounce back from 402.50 -about to cross 412 level then extends to 418-420..
Lucky to book profits 2 times a day- 411to 402.50 then 402.50 to 410--
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ