Hello Traders,
the NIFTY50 has misleading! It jumps up and down and has probably overcome the descending trend line, as seen in the chart! My argument for a 'fake' move is still valid, as long as the low @ 24473 remains in place.
Chart analysis:
The next upside target for the bulls is around the 25260 to 25300 points, depending on whether if is achieved.
The targets are still valid, and India is lily on the way, to become one of the leading Industrial nations in the future. Of course, the Nation has a long way to go, but keep this in mind! If the government improves in infrastructure, such as electric power supply and building bridges and motorways etc., the potential will be phenomenal!
In any case, we should all invest in this "huge and strong" nation.
I would normally not recommend an ETF for India, but I am making it this, caused by the enormous potential!
But, back to chart. I don`t think the upward move has ended yet. So, we are still focused on further upside potential!
My long-time targets are still valid. We'll see?
Have a great weekend....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
the NIFTY50 has misleading! It jumps up and down and has probably overcome the descending trend line, as seen in the chart! My argument for a 'fake' move is still valid, as long as the low @ 24473 remains in place.
Chart analysis:
The next upside target for the bulls is around the 25260 to 25300 points, depending on whether if is achieved.
The targets are still valid, and India is lily on the way, to become one of the leading Industrial nations in the future. Of course, the Nation has a long way to go, but keep this in mind! If the government improves in infrastructure, such as electric power supply and building bridges and motorways etc., the potential will be phenomenal!
In any case, we should all invest in this "huge and strong" nation.
I would normally not recommend an ETF for India, but I am making it this, caused by the enormous potential!
But, back to chart. I don`t think the upward move has ended yet. So, we are still focused on further upside potential!
My long-time targets are still valid. We'll see?
Have a great weekend....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。