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Fibonacci Extension: The current rally has hit the 1.272 extension of the previous correction. The next major resistance aligns with the 1.414 extension at 23,350.
Harmonic Pattern: A Bearish Butterfly Pattern is nearing completion. The Potential Reversal Zone (PRZ) is calculated between 23,320 and 23,350.
🛡️ Support and Resistance Levels
Resistance 1: 23,320 (Harmonic PRZ)
Resistance 2: 23,400 (Psychological Round Number)
Support 1: 23,220 (Previous High / Support Flip)
Support 2: 23,150 (0.382 Fib Retracement)
🎯 Strategic Trade Setups
Scenario A: The Reversal (Short)
Valid if price rejects the 23,320 zone with a bearish pin bar.
Entry: Below 23,280
Target 1: 23,220
Target 2: 23,150
Stop Loss: 23,360
Scenario B: Breakout Continuation (Long)
If price closes above 23,350 on strong volume.
Entry: Retest of 23,350
Target: 23,450
Stop Loss: 23,300



whos thinking buy ?
Key Levels
🛑 R2: 23,250 (Psychological Barrier)
🚧 R1: 23,200 (Double Top High)
📍 Pivot: 23,147.5 (Current Price)
🛡️ S1: 23,050 (Neckline / EMA 50)
🧱 S2: 22,920 (Key Support Zone)
Actionable Trade Plan
Strategy: Counter-Trend Reversal & Breakdown 📉
Entry 1 (Aggressive): Short Rejection @ 23,180 - 23,200
Entry 2 (Confirmation): Short Breakdown < 23,040
Stop Loss: 23,260 (Above R2/Invalidation)
Take Profit 1: 23,050 🎯
Take Profit 2: 22,920 🎯
