✅ Our previous analysis played out perfectly! The stock faced a strong rejection near ₹7,958 (key resistance zone), as predicted, and dropped 1.59% today. 🚨
🔍 What Happened? 1️⃣ Wave Structure Completed: The Elliott Wave count signaled the 5th wave top, aligning perfectly with the resistance. 2️⃣ Fibonacci Confluence: The price tested critical Fibonacci zones and reversed exactly where anticipated. 🔄 3️⃣ Technical Weakness: A sharp sell-off today confirms bearish pressure near the resistance area.
📉 Next Levels to Watch:
Support: ₹7,400 – ₹7,200 (Potential retracement area). Resistance: ₹7,958 (Key supply zone). 🚨 Trading Tip: Watch for bearish follow-through toward lower support zones or any bounce signals around Fibonacci levels. 📈
💡 Engage with us: Share your thoughts in the comments and follow for more accurate setups and insights! 🚀
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.