Hello Traders,
NIFTY50 has extend my target range at 13399 to 13579. This level is close to 13579 and it is the next target range as long as N50 is trading above 13396 (blue trend line)!
A break of 13396 would imply more weakness to come and has a target at 13271 at first. More corrective potential exist. Closing below this level could open the door to 13178.
As before.
Any extension of the high at 13579 opens the door to 13746 and the upper boundary of the channel at 13950-14000 area.
If the count on an hourly basis work out, we will get a series of waves 3 and 4 of multiple degree.
So stay tuned for the coming session. I will update the chart in the coming days.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 has extend my target range at 13399 to 13579. This level is close to 13579 and it is the next target range as long as N50 is trading above 13396 (blue trend line)!
A break of 13396 would imply more weakness to come and has a target at 13271 at first. More corrective potential exist. Closing below this level could open the door to 13178.
As before.
Any extension of the high at 13579 opens the door to 13746 and the upper boundary of the channel at 13950-14000 area.
If the count on an hourly basis work out, we will get a series of waves 3 and 4 of multiple degree.
So stay tuned for the coming session. I will update the chart in the coming days.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!