Here is our view on NIFTY 50 (Short Perspective)
-We consider that the bullish impulse we are observing on the market (B) is a correction of the previous bearish motive wave (A) and that "C" is remaining
-From a Technical Perspective B is an ascending Wedge Pattern
-The Strongest zone we are observing for a reversal is the convergence between the compression of the Wedge Pattern + Descending Trendline + the reversal zone of 2018
-If the Bearish Hypothesis is right "C" should reach at least the 7600 zone
-Our Bearish Perspective will be invalidated if the price reaches the green line above the descending trendline.
I simply would like to know the area of your TP level for my learning..