Prices have reversed from the channel bottom/ 34 Hr sma & reached the mid-line.
FII's continuing their big purchases with VIX quite subdued.
Prices suggest of
a) the minor (v)th unfolding from 8050 with sub-dividing waves.
b) the minor (3)rd wave from 7862 is sub-dividing.
And hence, one need to follow the prices with a trailing number(for the rise from 8050 & 8133).
With the "Trend regaining momentum in day t/f", prices would make new highs holding initially the retrace for the last rise from 8133.
Bearish scenarios open up only below "8075".
FII's continuing their big purchases with VIX quite subdued.
Prices suggest of
a) the minor (v)th unfolding from 8050 with sub-dividing waves.
b) the minor (3)rd wave from 7862 is sub-dividing.
And hence, one need to follow the prices with a trailing number(for the rise from 8050 & 8133).
With the "Trend regaining momentum in day t/f", prices would make new highs holding initially the retrace for the last rise from 8133.
Bearish scenarios open up only below "8075".
9 comments:
Namaste Ilango Sir and blog friends
LV
Good Morning MAster and friends
Good Mng Sir and Friends.
Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.
Dear Sir
If 5=1.618X1 then around 8187 is the number from where correction can be there???
Good Morning Sir & JN family
Intraday weakness below 8155 & 8145.
goodmorning illango sir and blog mets
New Post Done.
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