$INDA
Added 2024-11-14 20:45:56 +0000 UTCIndias market is showing concerns here now.
Price rejected at our Wave 5 level and broke down through all important moving averages on the daily chart which is not something that should be ignored
Price is down -10% now since the end of Sept.
I believe this can continue down to the green line at $51.
A retest of the 200 Day MA from below at $54.30 and rejecting will confirm to me that it is in an ABC correction.
Comments
I would watch $NIFTY along with it, right now NIFTY 50 is sitting on 200 daily SMA and pretty close to 50 Weekly SMA.
laksh_me
2024-11-15 08:14:22 +0000 UTC
