Its seems like abc pattern going on in nifty.
wave a seems to be completed and now wave b is in progress.
next halt might be around 10500 and some pull back can be expected, need to wait and see what pattern shows up in coming days.
There is no idea of time line so please ignore timing of the market, just trying to fit abc pattern in the current market movement.
Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
wave a seems to be completed and now wave b is in progress.
next halt might be around 10500 and some pull back can be expected, need to wait and see what pattern shows up in coming days.
There is no idea of time line so please ignore timing of the market, just trying to fit abc pattern in the current market movement.
Note: No trading recommendation for this analysis, just trying to figure out whats going on :)