NIFTY - RSI convergence at max POC support accompanied by presence of a demand zone.
1. To the best of my knowledge, a short term bottom has been formed here.
2. However, swing lows can be formed ahead to trap sellers on account of budget.
VERDICT - sideways to bullish but no fresh ATH
KABRA EXTRUSION - Elliot wave 3
Fresh entry - Weekly close above 564.45
Target - Point 3 & 5
SL - 435
Note - This is a weekly set up. Targets will take time. Please plan your position size accordingly.