RATNAMANI : Liquidity and Wave Patterns Align

Headline: Liquidity and Wave Patterns Align – Strategic Buying Opportunity

Technical Analysis:

Structure: The price action has retraced into the deep retracement zone of 113%-127% Fibonacci extension of the last swing. This zone often attracts liquidity and signals potential reversals.
Wave Structure: Elliott Wave count suggests completion of an extended Wave C. A bullish reversal is anticipated from this level, aligning with the liquidity zone.
Key Levels:

1. []Buy Zone: ₹3,263-₹3,310
   []Stop Loss: ₹3,202 (Below the liquidity zone and extended Wave C completion)
   []Target 1: ₹3,817-₹3,875
   []Target 2: ₹4,054-₹4,146
   

Educational Notes:

Fibonacci Extensions: The 113%-127% zone is a common reversal area for corrective waves.
Wave C Completion: This marks the end of a corrective phase, transitioning into a new impulsive trend.
Disclaimer:
This is for educational purposes only. Trade with appropriate risk management and do your own analysis before taking any positions.