CMP 1530
As per my analysis, we have completed impulse move 1-5 at 1768.40. And started downside correction.
Retracement Levels: 1567, 1443, 1344, 1241, 1165 (level to watch if we reach here), 1097
Minimum retracement already done at 1567.
As long as 1769 resists, Sell on rise is the strategy for minimum 1505, 1443, 1344, 1241 positionally.
21-Apr-2015 3:27 PM IST
1530 -->> 1505 hit. Low 1493.30.
As per my analysis, we have completed impulse move 1-5 at 1768.40. And started downside correction.
Retracement Levels: 1567, 1443, 1344, 1241, 1165 (level to watch if we reach here), 1097
Minimum retracement already done at 1567.
As long as 1769 resists, Sell on rise is the strategy for minimum 1505, 1443, 1344, 1241 positionally.
21-Apr-2015 3:27 PM IST
1530 -->> 1505 hit. Low 1493.30.
