look at chart attached. in last update i had shown that we have corrected near 50% of last rise from 14170 to 16002 when we made a low of 15104.today we made low of 14864 which is at 62% of this rise from 14170 to 16002 again a imp fibo ratio. more over we were on 21st day after we made bottom of 13220. we r very close to 50 dma.
in chart i have shown parellel trendlines which give support and resistances. in coming days if we survive today's low of 14864 and move up it cld be either 5th and final sub wave of this upmove or if we have made top at 16002 it cld be pull back to fall from 16002 to 14864. in both cases it is advisable to sell and generate cash.
in chart i have shown parellel trendlines which give support and resistances. in coming days if we survive today's low of 14864 and move up it cld be either 5th and final sub wave of this upmove or if we have made top at 16002 it cld be pull back to fall from 16002 to 14864. in both cases it is advisable to sell and generate cash.
