Hope you all are doing good!!
I expect JXY to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Bank nifty on a daily time frame is standing on its both fibo and trendline support.
A rising wedge pattern is formed.
What do you guys expect a 1000 point down move or up move ?
Please tell me in the comments if you have any idea.
There are two scenario which we can taken into consideration
Green- this shows that nifty again will touch 11160 and come down,
Yellow: this shows that nifty will not go much higher and then come down.
lets see which one will work