SENSEX - has formed an ending diagonal like most indices in the Indian market. This concludes a correction point for the markets. Price should remain bearish below the invalidation level (on chart).
Corrections can be seen up to 38.2 fib level (at 51,000 mark). Or lower.
This idea is based on the Elliott Wave Theory. Any investment/trade should be made with your own risk management.
Corrections can be seen up to 38.2 fib level (at 51,000 mark). Or lower.
This idea is based on the Elliott Wave Theory. Any investment/trade should be made with your own risk management.