stockstopp
I have been trying to understand this chart since past few days and by now must have spent over 1/2 hour on this. Totally confused. Kindly spare some explanation!!
This is was very fast post and wanted to benefit readers.
When RBI announced policy this formation happned, Since RBI did not reduce rates, they r on track as per me(good for Macro eco system).
So When everyone was upset with RBI decisions, +ww formation gave us buy at lowest levels.
confusion clearance: Just consider red lines, it is +ww target 5825(hit)