Hello Traders,
the NIFTY50 reached on Friday the level of 24365 and fell to a close @ 24039.35!
This level (@24365) can be a wave iii! The next move would be a wave iv, that can retrace to 23585.
The next opportunity could be a wave c that is done or close to be done.
Chart analysis:
If the wave iii would be done, the next move should be to the cited target range @ 23585 or some points below. From here, a wave v should start with targets around 24620. Higher price are still possible, while not expected!
Several scenarios are thinkable, but it's too early to announce them.
Another possible idea could be a "double waves 1-2". In this case, N50 should run to new ATH's in the coming weeks ahead!
A sell-signal would occur if price touch below the level of 23847.85 points.
If price extend the gains above 24365.45, the sell-signal would be eliminated!
Ok, the following 2-3 day's will be interesting to watch, and a new update is at hand!
Have a great weekend.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
I'm very happy about a like!
the NIFTY50 reached on Friday the level of 24365 and fell to a close @ 24039.35!
This level (@24365) can be a wave iii! The next move would be a wave iv, that can retrace to 23585.
The next opportunity could be a wave c that is done or close to be done.
Chart analysis:
If the wave iii would be done, the next move should be to the cited target range @ 23585 or some points below. From here, a wave v should start with targets around 24620. Higher price are still possible, while not expected!
Several scenarios are thinkable, but it's too early to announce them.
Another possible idea could be a "double waves 1-2". In this case, N50 should run to new ATH's in the coming weeks ahead!
A sell-signal would occur if price touch below the level of 23847.85 points.
If price extend the gains above 24365.45, the sell-signal would be eliminated!
Ok, the following 2-3 day's will be interesting to watch, and a new update is at hand!
Have a great weekend.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
I'm very happy about a like!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.