The current structure from the top of 5400 looks like 3,3
There could be a Flat or Triangle possibility ,Though Flat
possibility looks less the way current structure is unfolding.
A rise to 5340-60 is not ruled out if its a triangle all in all the call writing in riseshave paid since last week.As had mentioned in EagleEyeTrade this lackluster
sideways move has given ample time to Midcaps and they are indeed buzzing.
Below 5290 we head towards 5220,5200 Which can give support and can relook
into the trade setup there.
RESEARCH REPORTS
good to see your analysis.
ReplyDeleteyou are good keep them coming.
The expected rise came now need to watch out for supports near 5310-5290 if that holds upmove can be attempted else further levels can be watched
ReplyDeletePerfect rise till 5360+ and then nice dump after that as was anticipated hope
ReplyDeletemany cashed on this...
cool.
ReplyDeleteso what u expect now is it 5215 ya much below that?
good analysis...keep it up
ReplyDelete