JAMNAAUTO has completed a 5 wave rally and it shows signs of 3 wave correction and it is first wave of correction. it also formed double top at 52 level. it may retrace upto 40 level. which also equal to 20% correction. more over it has broken support trendline on 1h chart.
The odds of Wave 5 being truncated have increased greatly.
Hello Friends I shows a sharp downtrend on indusInd bank,,, Next Support will around 462-470 If Market WIll pull Back then next Resistance will around 642 - 716 Chart Closing showing a Downtrend as per my analysis Thank You And One Disclaimer it is only for education purpose...
ANY DOUBT FELL FREE TO DM ME. PRACTICE FOR AT LEAST 1 HR LOOKING FOR THIS PATTERN ..SEE WHERE IT OCCURS MOST OF THE TIME, IT WILL NOT BE PERFECT .