analysis mentioned on chart.
after forming a zigzag corrective pattern, the pair is ready to break the recent lows.
analysis mentioned on the chart !
Analysis mentioned on chart
play for the last 5th wave of current running impulsive wave for the level of 11000.
As per the wave analysis , we are in the c wave of the corrective wave a-b-c. Moreover the wave c is developed as an impulsive wave for which the last 5th wave is remaining & it has been started already. Trading plan: SELL NEAR 465 -70 ZONE OR SELL ON ANY RISE NEAR 475-480 ZONE KEEPING THE STOP LOSS OF 486 FOR A TARGET ZONE OF 450/420/410
Being in corrective move , its ready to give the c leg in an impulsive manner. Buy for the target of 550/580/600. Keep sl below the wave 2.
BUY IF HOLDS ABOVE 550 FOR A TRAGET OF 600-615 . MAINTAIN SL OF 520.