CMP 92.31.
As per my analysis, based on Daily TF,
Wave C - Wave 5 targets are: 92.44, 90.25, 88.46, 87.40, 86.71.
I expect minimum of 87.60-86.70.
Based on Daily Chart, I expect the following targets for the next down move: 90.44, 89.17, 88.35, 87.04
Resistance: 96
Based on Hourly Chart, If 95.2 resists, I expect, 89.34, 88.65, 87.50 as next move.
Resistance: 93.5/95.2
Now, as long as 93.5/95.2 resists, my view is bearish and expecting 87.6-86.7 as down side target.
Other down side targets are:
L1: 92.44, 90.25, 88.46, 87.40, 86.71. Res: 96
L2: 90.44, 89.17, 88.35, 87.04 Res: 95.2
L3: 89.34, 88.65, 87.50 Res: 93.5/95.2.
92.44, 91.8, 91.4, 91, 90.44, 90.25, 89.17, 89.34, 88.65, 88.46, 88.35, 87.5, 87.40, 87.04 86.71.
If crude breaks 95.2, I will be reanalysing my chart.
If crude resisted by 93.5/95.2 I expect 90.5, 89.5, 88.7, 87.6. Sell on rise, or at cmp 92.43, SL 93.6/95.3. Just my view based on my analysis. Watch or trade at your risk.
As per my analysis, based on Daily TF,
Wave C - Wave 5 targets are: 92.44, 90.25, 88.46, 87.40, 86.71.
I expect minimum of 87.60-86.70.
Based on Daily Chart, I expect the following targets for the next down move: 90.44, 89.17, 88.35, 87.04
Resistance: 96
Based on Hourly Chart, If 95.2 resists, I expect, 89.34, 88.65, 87.50 as next move.
Resistance: 93.5/95.2
Now, as long as 93.5/95.2 resists, my view is bearish and expecting 87.6-86.7 as down side target.
Other down side targets are:
L1: 92.44, 90.25, 88.46, 87.40, 86.71. Res: 96
L2: 90.44, 89.17, 88.35, 87.04 Res: 95.2
L3: 89.34, 88.65, 87.50 Res: 93.5/95.2.
92.44, 91.8, 91.4, 91, 90.44, 90.25, 89.17, 89.34, 88.65, 88.46, 88.35, 87.5, 87.40, 87.04 86.71.
If crude breaks 95.2, I will be reanalysing my chart.
If crude resisted by 93.5/95.2 I expect 90.5, 89.5, 88.7, 87.6. Sell on rise, or at cmp 92.43, SL 93.6/95.3. Just my view based on my analysis. Watch or trade at your risk.
