Trend reversal??? or normal correction.???

NIfty achieved our upside target 12350.
Reversed from 12430 to today's low 12162.
Is uptrend reversed?? or just a normal correction.
As per price pattern and wave pattern, uptrend is still intact.
Its a normal correction only, not a trend reversal.
On lower side, gap exists at 12132-12044 range.
This gap acts as support for Bulls.
Short term indicators badly in oversold zones.
BUDGET rally probably starts from current levels.
Pull back rally can be sharp and swift upside.
Resistance 12280-12300.
Supports 12130-12045.
Regards,
Suryadev Bandari
Research Analyst.
www.earningwave.com

#nifty poised to make new all time high soon.

#nifty cmp 22597. #Bulls strongly holding key supports. 22350-440 zone. As long as nifty trades above this zone, its poised to make breakout all time high. Upside resistance trendline around 23110-23250 zone. Regards, Suryadev Bandari Research Analyst #tradingview #investing #stockmarkets #elliottwave #earningwave #suryadev

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Once again market turned bullish.

Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst

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