CMP: 0.8443; Res: 0.84890.8555//0.8593
Now, expecting a correction as wave iv which will consume time.
Strategy: Sell on Rise with max SL 0.8489.
If 0.8424 is the end of down move, we will be in bull short term.
For any buy SL 0.8421/0.8275 positional. Best buy can be as per the Bearish Scenario.
Strategy: Buy on Dips.
Upside TGTs: 0.8590, 0.8730, 0.8810
Small targets: 0.8544, 0.890, 0.8619, 0.8665...
In both Scenario, I expect up move and min tgt 0.8590.
Bearish Scenario:
As long as the above resistances hold, we can see another drop towards 0.8405-0.8365 before rise.Now, expecting a correction as wave iv which will consume time.
Strategy: Sell on Rise with max SL 0.8489.
Bullish Scenario:
CMP: 0.8442; Sup: 0.8421/0.8277If 0.8424 is the end of down move, we will be in bull short term.
For any buy SL 0.8421/0.8275 positional. Best buy can be as per the Bearish Scenario.
Strategy: Buy on Dips.
Upside TGTs: 0.8590, 0.8730, 0.8810
Small targets: 0.8544, 0.890, 0.8619, 0.8665...
In both Scenario, I expect up move and min tgt 0.8590.
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