Hello Traders,
sorry for the late update. I had the flu and was out of action!
Back to NIFTY50.
It has set a new 52-week high today @ 18529.70. This move should be waves i of ((5)) of iii.
A target for this wave is a new ATH, as I wrote many times and prepared you, my fellow readers, for this scenario.
The latest pullback, from November 16-21, ended close to the upper boundary of the rectangle and it was a possible wave © of iv. So, the path should been set for the coming days.
A pullback to the area @ or around 181xx area should not change the forecast.
So, that`s it for a quick note.
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
sorry for the late update. I had the flu and was out of action!
Back to NIFTY50.
It has set a new 52-week high today @ 18529.70. This move should be waves i of ((5)) of iii.
A target for this wave is a new ATH, as I wrote many times and prepared you, my fellow readers, for this scenario.
The latest pullback, from November 16-21, ended close to the upper boundary of the rectangle and it was a possible wave © of iv. So, the path should been set for the coming days.
A pullback to the area @ or around 181xx area should not change the forecast.
So, that`s it for a quick note.
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!