S&P BSE Sensex: Critical levels in H4 for WC 17-5
The following technical analysis is based on a price structure with support and resistance estimates which separates into trading zones with the solid lines are the major levels.
A trading strategy with a robust price structure could change the way you look at price action. It predicts major future levels based on price action.
The estimated major levels for WC 17-5 are around
50382, 49362, 48745, 47734
We could be looking at 48745 and 47734 as major support for the beginning of the week. If we find support at 48745, then 49632, 49757, and 50382 are potential targets to the upside.