We are Clearing Seeing A formation of Head and Shoulder pattern.
All TV News Channels are bullish and Everybody is saying market has made its bottom. Even Reliance , HDFC Bank, ICICI Bank are bullish ..... BUT WAIT.....
DON'T FALL INTO THIS TRAP....... I REPEAT DON'T FALL IN THIS TRAP.
MARKET Correction has been not Completed Yet , So stop and think about it that C wave(ABC Waves are Corrective Waves in Elliot Waves) Is not Completed Yet and this is Wave B Ongoing so Wait for it to Correct.
THIS IS MY BOLD STATEMENT THAT MARKET MAY FALL TO 23000 LEVEL SOON & FURTHER, SO STAY ALERT IN THIS MARKET.
HAVE A GOOD DAY TRADERS.
NOTE : This is for educational purpose so please take trade according to your Financial Advisor.