Now time to be cautious, up move likely to end soon (mostly in next 2 days) as Nifty is moving up with negative divergence....
Y.c is not yet ended there is negative divergence missing...
If yellow line shown in 3mins chart is broken first without taking out 6019.45, then retracement shown in violet likely to occur upto 5910-50... Rise above 6019.45 will follow after that to complete pattern....
What if it goes above 6019.45 without breaking it.. then Y.C.c in play... Y.c.b might be just time wise correction.. Break below 5992 will confirm Y.C ended....
If yellow line shown in 3mins chart is broken first without taking out 6019.45, then retracement shown in violet likely to occur upto 5910-50... Rise above 6019.45 will follow after that to complete pattern....
What if it goes above 6019.45 without breaking it.. then Y.C.c in play... Y.c.b might be just time wise correction.. Break below 5992 will confirm Y.C ended....
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