All idea is depended on Wave structure.
An expanding wedge is a part of a flat in this case and it is completed or about to be complete.
But this can be a or it is a start of the next impulse up which will be the C wave of the Flat.
First target 10700 if wont sustain it back to test 10200 to 10100 levels
if break 10700 level then very fast reach at 11200 and again back to pavilion 10000 and more downside possible if reject from 11200
Rejected from DSZ, with shooting star
Once below below 1350, rejection from WSZ will be confirmed.
Trade details on chart,
Disclaimer: I am not responsible for your financial losses, consult you financial adviser before taking positions
Guys AXISBANK test Supply zone keep watch
Axis trade setup Keep Watch (Bank Nifty Bullish)
entry 604 to 603
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully...
Rain Industries was struggling near 400 levels from past four(4) months.
and forming Spinning Long Range Candles, signalling supply pressure near those levels. Hence some decline was then seen in the stock, forming long bearish Candles.
Stock might correct more , however there are no much sign of weakness on the charts.
Price action should be observed near 300...