Indian stock market has a completed 5 wave pattern from the 2016 low.
First impulse lower followed by corrective rally since late October looks to also be complete.
Now awaiting breakdown (below 10300 good indication).
Offers decent risk/reward trade off - short 10800, stop 11400, target at least 1000 points lower perhaps even as low as 8250.
First impulse lower followed by corrective rally since late October looks to also be complete.
Now awaiting breakdown (below 10300 good indication).
Offers decent risk/reward trade off - short 10800, stop 11400, target at least 1000 points lower perhaps even as low as 8250.