Final Target done ????? or still deliveries are on!!!!!!!!!!!!!!

Earlier View:
CMP: ₹234
Target: ₹206 (Achieved)
Stop Loss: ₹240
Risk to Reward Ratio: 1:4
Setup: Fake Breakout observed on the daily time frame.

Current Scenario:

The target of ₹206 has been achieved.
Monitoring the hourly time frame for the development of a bullish pattern.
Technical Observation:

If Stop Loss (₹220 daily closing basis) is triggered and a bullish pattern develops on the hourly time frame, it may indicate that the correction is complete in the form of an Expanded Flat (ABC) pattern.

Proposed Strategy:
Wait for Confirmation: A breakout above ₹220 on the hourly chart would confirm the bullish pattern.

Conclusion: The correction may be nearing completion. However, confirmation of a bullish structure on the hourly time frame is crucial before entering a long position.

Disclaimer: This is only a technical study and should not be taken as financial advice. Ensure to conduct thorough due diligence.