TF: Daily
CMP: 8250
To me, it looks like the 5 wave has ended on larger TF
Here is the chart in weekly TF with wave counts
Price movement in the last week looks to be a pump and dump strategy from big guys (of course, the typical THROWOVER move for the final leg)
Breaking the swing low 1260 will be the first sign of weakness here and we can look for the GAP zone to be the first target.
Pullbacks to 1310-1320 be used for entry
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.
CMP: 8250
To me, it looks like the 5 wave has ended on larger TF
Here is the chart in weekly TF with wave counts
Price movement in the last week looks to be a pump and dump strategy from big guys (of course, the typical THROWOVER move for the final leg)
Breaking the swing low 1260 will be the first sign of weakness here and we can look for the GAP zone to be the first target.
Pullbacks to 1310-1320 be used for entry
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.
Trade ativo
price has broken the swing support and now trading below.. Bounces to be used to enter shorts.. 1280-1300 is the zone to look for
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.