IHS broken today. Even though still inside the Channel as marked on chart.
Last support exist at 5294, if breaks then fall upto 5230 to fill the gap as marked on chart.
Lets for Monday. Cheers!!!
Nice chart and analysis ! However,5230 seems to be more important,for 50 DMA is there.Actually,in my opinion the 4th of the bigger ONE is not yet over.The fifth after the completion of the 4th is expected to reach 5550 levels at least and there the correction of the second wave would start.As far the last hope for the bulls,do'nt you think that 5180 is even better than 5230,for that is the reflex point and also the lower BB ?
Nice chart and analysis ! However,5230 seems to be more important,for 50 DMA is there.Actually,in my opinion the 4th of the bigger ONE is not yet over.The fifth after the completion of the 4th is expected to reach 5550 levels at least and there the correction of the second wave would start.As far the last hope for the bulls,do'nt you think that 5180 is even better than 5230,for that is the reflex point and also the lower BB ?
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