- stock just crossed the strong resistance line and made impulse 5 wave above and closed
- wait for the correction ABC to happen which should retest the support
- entry can be made after correction happens and after price closes above the red line
Nifty appears to be forming WXY correction which might end at around 13803... Currently it might be forming the B leg of Y which could go around 14570 to 14670 which are a stong resistance area of .500 and .618
Moreover the structure also appears to be forming Harmonic Bat at 13806
Just a view of mine... could be wrong too...