The indices failed to hold higher levels on account of the rate hikes going on, but will they weather the storm well?
We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)). Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red. Trade Plan...
understanding future trades through support and resistance.
Banknifty is trying to fill the gap it created and is reaching its previous support which will act as resistance now. Please watch the video for detailed explanation. Comment and let me know what do you think.
Buy Level = (Above 33050, Target 1 - 33200, Target 2 - 33500) Sell Level = (Below 32870, Target 1 - 32670, Target 2 - 32370) Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
The market is unpredictable; hence prepare yourself accordingly. Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.