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Consolidation near to end soon suggesting to buy TEXRAIL above 117.50 for medium/long term target 150
daily closing above 102.40
& weekly closing above 115.2 might open good upside
Reaches its support level heads over to target 115
A clean 5 wave and then a clean abc correction.
The bottoms formation is another wyckoff in development. Once this ends..expect a strong upmove.
Another Wyckoff accumulation pattern. After 7, 8 steps..price should start trending up.
Last Wyckoff in BN give a 3000+ point and ongoing trade.
Link here --> https://in.tradingview.com/chart/BANKNIFTY/fv0Pswma-Banknifty-long/
It seems on yearly chart, 9 month rectangle formed. Will it breakout before the budget sessions?
Kindly guide me, if my charts are wrong.
Stock is setting up for a possible pre-budget rally. Watching. No position yet
Weekly chart: after a consolidation a breakout is possible above trendline and can touch 140-150