It is in choppy correction WXY. The drop was impulse A of Y and now it is in B wave which would bounce up to 710-720 level before it starts C wave down. B wave can take little more time to finish before it drop in C wave.
It has completed ABC zigzag move in uptrend. The drop was double zigzag wxy and it was over. So next move will be likely abc bounce if it able to hold the low of 569 then it may go up to 610-630.
The Dow just hit the mother of all Resistances. Extended from highs of 1929
HI THERE AT THIS MOMENT MARKET IS A GOOD BULLISH TRAND. BUT MARKET NEED TO SOME CORRECTION FOR STRANGHT. AND GRAB SOME LEQUIDITY. MY THINK IS MARKET IS NOW A RESISTENCE AREA AND GOING TO TEST SOME PREVIOUS AREA. AS I MANTION MY AREA IS 52554-52574 IS A MAJOR RESISTENCE AREA
The stock is weak and more so it has been exposed to the shock of heavy volume price level and now facing rejection at higher level. Let it cross 604.20 level then we can take the trade to ride the profit.
CMP-295.25 STOP LOSS-265 TGT-333/360/400/500+++
it is in impulsive up trend and 5th wave progressing. The target will be around 350-360 zone. Plz give a like if you agree with EW count.
It completed ABC zigzag cycle in 4 hr time frame from Covid low point. The H&S pattern created at the top as the part of correction down. Sell on bounce near neck line for target below 5000. Plz give a like if you agree with EW count.
It completed the impulsive 3rd wave of the sequence and correcting down in 4th wave and possibly correct up to 600-560 zone to finish it. Plz give a like if you agree with EW count.
As i am seeing the crash of Nasdaq it is comparable to the march of 2020. Yesterday Bond market also gave us a hint of coming up with the carnage. Keep your trailing stops posted
Sensex looks good for long term basis bullish above 50330 and support on longer Time frame 47000
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