W4 on monthly
6 months of consolidation
expected damage was 20% from the highs min, max 35%
that is 5100-4200 roughly.
anyway 5000-5100 200 dma area invest.
Lots of stock available at garbage rates
like p.e of 3-5
at or below book value especially in the midcap space.
after this six month consolidation, the target of 15,000 nifty and sensex 50,000 will open up. Will post the chart when the target is visible.
Only traders who have the stomach for volatility should even bother trading this market.
Previous post was 5k support 6k res.
6k held gave 5.4k then 6.4k was hit
next 5k broke and 4.5k ish came.
Basically we're in this 5k-6k band for the next 5-6 months.
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