The selloff we have seen since September highs has looked impulsive in nature and would imply a meaningful top is in place for a rather long time. Here since we broke the January lows at 69.2 confidence as increased to the underlying change in trend.
I would recommend considering adding downside exposure on the current bounce for a test of the lows. Targets for this retrace come into play at 66.9. Watch for signs of a base forming around 66.9 - 66.2. Any break below here will open up 61 for a huge swing.
Best of luck all those positioned or actively building swings...the room is open for those wanting to share ideas here in the comments!
I would recommend considering adding downside exposure on the current bounce for a test of the lows. Targets for this retrace come into play at 66.9. Watch for signs of a base forming around 66.9 - 66.2. Any break below here will open up 61 for a huge swing.
Best of luck all those positioned or actively building swings...the room is open for those wanting to share ideas here in the comments!
Nota
Wins for incumbents in India 
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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.