AB = CD pattern observed, Wave 3, Harmonic all are giving a target of 35,200 +- 200 range, which might be a potential reversal point, before any next significant move.
Decision Line:- 34,598
Resistance:- 34,867 / 35,071 - 35,271 / 35,852
Support Zone :- 34,287 / 34,048 , 33,752
Ref:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Thanks for your valuable analysis. ....After broken the trend line i was long... profit 35k+++ ♥️♥️♥️
Pravin25sawant
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fabulous
Santoshpansare
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Thank you Sir!!
subhagghosh
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Market is strong, not a single sign of weakness on Friday this indicates, we still have some steam on upside as the put call ration is still at comfortable levels.
I except 35300 area to be an potential suppy area, from where index might correct or give signal of correction.
simply don't jump into trade, until u have proper reversal in place.
always have your risk defined, either have sl or hedge strategies