Since the beginning of this rally,and me posting the chart of 70k the pattern forming now seems to be a terminal impulse of the 3 wave which will also mark the end of impulsive wave 3 and price is likely to fall to 61k to 57 k in coming days weeks or even months. Since the overall trend is bullish the fall will be slower and corrective any which way you slice the...
following the diametric pattern BTC is on the way to complete its last leg G which might go on for a while, and it can easily end up going 70k in near future at least, it dosent mean it will shoot upto 70 in coming days, but in a few months its a realistic target
its possible its forming a contracting triangle price likely to remain b/w 43838-45336 very risky to trade right no both in nifty and BNF one thing is for sure the rise in BNF from the bottom is of corrective nature. contracting triangle is of a (b) wave forming as (a) is already complete invalidation of contracting triangle is if prices closes above 43838
it is in the last leg of diamond diametric formation "G" wave should at least touch 22000 it might be the last move up before a major downtrend
Wave B will complete as a contracting triangle, next leg up will be a good move up,invest smartly.
Wave 3 seems to have been completed and now a corrective wave 4 might begin, could be a good buy zone for the next leg up, NOT A INVESTMENT ADVISE
a impulsive wave 3 ill begin soon in tata chem its a multi bagger for me
a possible neutral triangle might be unfolding in the upcoming days and weeks. and soon we might see a new ATH in NIFTY