-On Friday we had written below 4866 level it will slide upto 4815-4798 level.It kissed 4801 & taken U-turn.
-On Friday closed at 4850.85 level.
Not Breaking Low of Friday -4801 & Trades above 4827 level then ???
We see Sharp Rally upto 4906————–4932 level.
(3DEMA @ 4927 ,7DEMA @ 5021 )
Suppose Crosses 4932 with volumes (stays above this level for 10-15 minutes or closes above this level )
Then more rally upto 5011-5037 not ruled out.
Yes ,A Minor corrective is must then only @ Higher levels again we can go short !
“Short Term Support intact at 4815–4798 “
In Coming Weeks ,Months will see these levels :
Already Started wave 3rd on Downside.
-After Breaking 5175 by 1:1 Ratio our Target was of 4826 (already achieved )
1.618 indicates :Target of 4100.
-Huge Triangle Broken on DOWNSIDE :Height of Triangle 875 points.
Breakdown Point at 5175-875= 4300 level.
We Don’t change levels everyday.Below 5062 …..Bears will have upperhand.
Target intact of 4289—4032 !!
Remember Gap of 3729 is to be filled -WHAT will be the reason ,Why it will happen …That time(Nov 15th) will tell
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