Nifty IT index is ready for a bounce of an X wave followed by completing of A,B & C , Patten and Move towards complex correction .
Bounce of minimum . Green to yellow line ( as mentioned above picture Fibonacci retrcment) .max to max bounce of 37100.
Make long position in IT index as per SL of 27700
Risk 2.20% on down side
Reward 15.73% on up side (positionly view till 1 month)
Disclaimer: It's just an analysis of correction Patten on my view I can be wrong , i have writte to be wrong , use this analisyes on your risk appetite ,your capital caapcity.
Thank-you 🙌
Bounce of minimum . Green to yellow line ( as mentioned above picture Fibonacci retrcment) .max to max bounce of 37100.
Make long position in IT index as per SL of 27700
Risk 2.20% on down side
Reward 15.73% on up side (positionly view till 1 month)
Disclaimer: It's just an analysis of correction Patten on my view I can be wrong , i have writte to be wrong , use this analisyes on your risk appetite ,your capital caapcity.
Thank-you 🙌