BSE CMP 3265
Fib- the stock made lows at the fib con at 3030. The MA in red cutting the confluence zone at 3030 is further supporting the strength of the zone.
Elliott- A complex correction ended at 3030.
Gann Cycle- where the second c wave finished it also marked the 12th Gann square cycle.
Gap - the trendline and gap at 3400 is acting as a strong resistance as of now.
Conclusion - to me if the stock doesn't close below the gap at 3180 then it is a buy. A safe entry point will be on a weekly close above 3400. T1-4900 T2-6K
Fib- the stock made lows at the fib con at 3030. The MA in red cutting the confluence zone at 3030 is further supporting the strength of the zone.
Elliott- A complex correction ended at 3030.
Gann Cycle- where the second c wave finished it also marked the 12th Gann square cycle.
Gap - the trendline and gap at 3400 is acting as a strong resistance as of now.
Conclusion - to me if the stock doesn't close below the gap at 3180 then it is a buy. A safe entry point will be on a weekly close above 3400. T1-4900 T2-6K
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.