๐My analysis and expectations:
(Personal View no recommendation to anyone)
I am expecting a short term bounce as of now from previous 4 months back major support zone as per arrow markings 17400 towards 18500-19000 levels as of now
Todays candle is showing strength both in smallcap and Nifty which is a reversal setup candle so rally can continue upwards but have doubt on trend change in short term with bottom formation
We will analyze this pattern after we reach near 18500 by checking the strength of broader market and bounce type with Neowave and share with you all until then enjoy rally upwards for 1 week