As per last update suggested an hour back on previous idea mentioned below (DrReddy- Dramatic Selling from 5400)- avoid selling if stock holds or crosses back above 4400
--------------------------------------------------------------------------------------------------------------------------
Trade active: 12:06 Hrs / 2nd Feb2021
Last @ 4406
Avoid sell if it...
Recap from Last Idea-
Bottoms picked in 2400-2425 (Support Zone) suggested @ 09:46 Hrs / 25th Jan2021- continue...
Structure unfolding as expanding structure with key level- 2530 (suggested in last idea) & critical level-2408
-----------------------------
Trading Strategy
-----------------------------
Plan A -
Buy Above 2735 for 2850 & strictly...
Nifty Metal index CMP :- 3200 levels.
Harmonic pattern :- Bearish butterfly pattern formation.
PRZ zone in range :- 3200-3300 levels
1.27XA = 3313,, Equivalent AB =CD matures at 3210, 2.24 BC extension around 3180 levels.
Bearish AB = CD pattern formation matures around 3210 levels..
Elliot Wave study :- Whole structure formation is in Expanding rising wedge...
