CMP: 682
TF: 30 Minutes
The hourly chart with counts is copied below.
While the conservative (ab=bc) target is placed at 640; the 50% and 61.8% Fib retracements levels of the entire move is placed at 590 and 620 levels. We can expect these levels to be tested in the coming days..
We need to see how the price behaves at the channel extremes to determine if the fall extends further.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
TF: 30 Minutes
The hourly chart with counts is copied below.
While the conservative (ab=bc) target is placed at 640; the 50% and 61.8% Fib retracements levels of the entire move is placed at 590 and 620 levels. We can expect these levels to be tested in the coming days..
We need to see how the price behaves at the channel extremes to determine if the fall extends further.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.