Nifty moving as estimated, 3rd of C leg has commenced todays opening confirmed this. I think we should be ready for 15k level in near term.
Commento:
Nifty has given reversal from estimated level of 15.1k for the idea published on 11th Feb 2022.
Now currently 17327 level we can see triangle breakdown.
From the reversal level in June to current move if we assume to be 1st wave and consider this breakdown as end of move then 2nd leg could retrace upto 16.8K to 15.3K
Probable support are in coming sessions could be between 16.8k to 15.3k.
Be prepared and plan accordingly.
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Now currently 17327 level we can see triangle breakdown.
From the reversal level in June to current move if we assume to be 1st wave and consider this breakdown as end of move then 2nd leg could retrace upto 16.8K to 15.3K
Probable support are in coming sessions could be between 16.8k to 15.3k.
Be prepared and plan accordingly.