Marked are the pink vertical lines to note the time when did the ways start and end. Of late, i.e. on the last day of trading on 18-09-2023 (after completion of counter ways A, B & C), price is stuck up in a red rectangle having support of red line from top, black line as the horizontal support and the trend line coming from way 2 and 4.
Support level of the rectangle, 1H time frame is 930 and 946 is the upper limit. 947 is a major resistance, once broken - expect a level of 961 and 1002.
Please use other indicators like William %R, RSI, EMAs or SMAs for your execution.
Disclaimer:
This content has been created only for educational purposes. The Analyst is not SEBI Registered Analyst. For any of your losses or profits, author is not responsible.
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Another way to understand. The purple line is 50% Fibonacci Level. Price is taking base there,