TF: Daily
CMP: 8250
To me, it looks like the 5 wave has ended on larger TF
Here is the chart in weekly TF with wave counts

Price movement in the last week looks to be a pump and dump strategy from big guys (of course, the typical THROWOVER move for the final leg)
Breaking the swing low 1260 will be the first sign of weakness here and we can look for the GAP zone to be the first target.
Pullbacks to 1310-1320 be used for entry
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
CMP: 8250
To me, it looks like the 5 wave has ended on larger TF
Here is the chart in weekly TF with wave counts
Price movement in the last week looks to be a pump and dump strategy from big guys (of course, the typical THROWOVER move for the final leg)
Breaking the swing low 1260 will be the first sign of weakness here and we can look for the GAP zone to be the first target.
Pullbacks to 1310-1320 be used for entry
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.