Descripción
⋅ price bounced from trend line support and horizontal support with good volume.
sl - 1430, tgt - 1675
Operación activa
⋅ closing price 1552.65
Operación activa
⋅ moving up as expected, but taking more time than expected , till now 1644.90
Comentarios
⋅ price recently came down to the support level, now it is bouncing back, it is now moving in a horizontal channel. Operación activa
⋅ Operación cerrada manualmente
⋅ but elliott wave count shows that wave 2 correction (flat correction) is going on here. in.tradingview.com/x/5GfJiCW8/.
price can go down to or below 38.2% retracement level. Comentarios
⋅ now here is the fractal count of flat correction, it seems last leg of impulse of wave [c] is pending here. Comentarios
⋅ follow up chart, price is following the ew count. Comentarios
⋅ at cmp - 1301, previous support now acting as a resistance , selling pressure seen here.