Hello Traders,
NIFTY50 set today's high @ 1790.40! This could be a waves v of (iii).
In this case, the next move is to the downside to at minimum 17038 area; with today's low at 17161.25 as wave's a of (iv)! More bearish potential exist!
If N50 is extending his gains and the waves are extending too, the next price area to touch will be at or around 17590-17788 !
That's it for a quick note!
Have a great day.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 set today's high @ 1790.40! This could be a waves v of (iii).
In this case, the next move is to the downside to at minimum 17038 area; with today's low at 17161.25 as wave's a of (iv)! More bearish potential exist!
If N50 is extending his gains and the waves are extending too, the next price area to touch will be at or around 17590-17788 !
That's it for a quick note!
Have a great day.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!