CMP: 1821
TFL 144 Minutes
Observation:
The script has been in bullish trend since March 2020 (Covid Lows) and is in the final leg of the impulse structure.
This view is considered from Feb-2025 lows (1275.5) for the 5th wave.
The counts are marked in the chart.
In a nutshell, price is about to complete the 4th wave of the final 5th and the correction is expected to end around 1760-1780 levels.
Reason being,
AB=BC (100% extension of AB leg) target is placed at 1773, which also coincides/confluences with 200 DEMA and the previous demand zone
Please be informed that the price has room to go down till 1585 as well (that's our invalidation level for the 4th wave). Hence, monitoring the price action at the zone of 1760-1780 for a good RR set up.
Counts on Daily TF
Weekly Chart:
Results are due in 7th Nov. If this theses to work out, then, the results should be pretty good though.. Just to act as a trigger
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
TFL 144 Minutes
Observation:
The script has been in bullish trend since March 2020 (Covid Lows) and is in the final leg of the impulse structure.
This view is considered from Feb-2025 lows (1275.5) for the 5th wave.
The counts are marked in the chart.
In a nutshell, price is about to complete the 4th wave of the final 5th and the correction is expected to end around 1760-1780 levels.
Reason being,
AB=BC (100% extension of AB leg) target is placed at 1773, which also coincides/confluences with 200 DEMA and the previous demand zone
Please be informed that the price has room to go down till 1585 as well (that's our invalidation level for the 4th wave). Hence, monitoring the price action at the zone of 1760-1780 for a good RR set up.
Counts on Daily TF
Weekly Chart:
Results are due in 7th Nov. If this theses to work out, then, the results should be pretty good though.. Just to act as a trigger
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.