Timeframe: Daily 3M India has given a good move after 100% extension of wave A. Note wave A = B is at 21368.9 . Price entered into the corrective channel, which signals an impending bullish move. 22292 is a pivot level for 3MINDIA. Wave C is the ending point of the correction, and traders can trade for the following targets: 22564 – 22850 – 23282 . There...
H&S pattern formed after reaching the Weekly supply zone, will test the below marked Demand zone and then move up
3M can be shorted if price closes below 20k level, which is strong support. Target ~18.5k