Idea marked on chart, a small gain till 42359.20 possible just below our invalidation level, after that a strong sell off may come. Coming week price movement will clear long term move also.
Long Nifty C leg of ABC for target 17211,with SL below 16988. Idea mentioned on chart. Little delay to update.
Last down leg of wave5 may resume after completion of 2=4
C leg may start in intraday move of ABC of 4th wave on day TF.
First wave of leg 5th completed, retracement / pullback then a strong downfall expected.
ABC pattern, where 'B' ended as triangle and now momentum in 'C' leg is visible
This week price movement will indicate End of Correction phase or it will stay for some more time. Break of channel line will decide. HH & HL in play & previous Supply taken out by RBR.
ABC correction in progress, where A leg completed and B leg about to complete before starting of C leg
Price given HH i.e BMS, so long at FVG for the target of upper Supply level.
Bearish view Short SIP on dips Description on chart
Short from Daily Supply level, which is confluence with 'B' of ABC pattern. Details are given on chart.
Fundamental story of 300cc EICHER MOTOR (A big fish in small pond).
1. As mentioned on chart (1. BOS- On hourly basis) & (2. BOS-On 15 Min) 2. Upper and lower trend line marked 3. Entry level on each OB are encircled, which is again aligned with 61.8 & 78.6 retracement of entire move since 29 Oct 21. 4. Target given is upper supply level 5. Trade set up invalidate once price trade below our 15 Min OB 6. Thank You.
IRCTC LIKELY TO BREAKOUT NECKLINE OF H&S PATTERN, BUYING AND TARGET LEVEL MENTION ON CHART
Marking of Supply and Demand.