Towards Formation of Bullish BAT.
B = 0.382 - 0.50 of XA, Here 0.468 Criteria fulfilled
C = 0.382 - 0.886 of AB, Here 0.865 Criteria fulfilled
D = 1.618 - 2.618 of BC ,
Here 1.444 When "D" = 122.1
(in Blue Colour), MISSES Criteria.
To Fulfill Criteria
i.e. D = 1.618+ of BC , Then D = Below 119.45
(in GREEN Colour)
As GST is nearing one of the maximum Beneficiary Sector is Logistic.
But INDEX all time HIGH, and Logistic counters inn Downward movement.
LONG For LOW 3R (i.e. Risk Reward Ratio)
TGT Levels Plotted in Chart.
SL: Below PRZ (by closing)