For opening on 23rd jan, we need to consider the price action from oct 2022 onwards only. In this we have an impulsive wave going up. AT the start I have marked as wave IV for easier referencing. I have also marked an ending triangle PRESENTLY unfolding , which has completed four out of the five waves.
On monday I expect the markets to go up WITHIN the 5th wave of the ongoing triangle.
Exceptions
In case we go higher than wave “d” of the present triangle, which comes at around 18175, markets then can go even upto 18200-18250 levels. In this case we will have an ending expanded triangle where the fall when it comes will be swifter and end at around 17700.