Hello Traders,
NIFTY50 has extended to my mentioned area and a bit above. Today's closing price was @ 17812. Day`high @ 17825!
It has furthermore extended to the levels on March 6 and closed another open gap, left by trading on February 21-22! All this was inline with my analysis, many days ago published!
While N50 is extending his gains since early March, and indicators are arguing for a "sideways" consolidation, I would not be surprised if so to come.
A rise above today's areas would open the door to the 18135 range. Here, a possible wave "y" was done on Feb 16!
If a "consolidation" should be next, it would bring some declining price for the reminder of the week into forehand, while stopping (if so to come) at or around 17600–17530 levels!
Well, the count of labels has been left unchanged, and my forecast is still valid!
Next update will be followed on Friday/weekend!
Have a great time.....
Ruebennase
Feel free to ask or comment1
Trading this analysis is at your own risk!
NIFTY50 has extended to my mentioned area and a bit above. Today's closing price was @ 17812. Day`high @ 17825!
It has furthermore extended to the levels on March 6 and closed another open gap, left by trading on February 21-22! All this was inline with my analysis, many days ago published!
While N50 is extending his gains since early March, and indicators are arguing for a "sideways" consolidation, I would not be surprised if so to come.
A rise above today's areas would open the door to the 18135 range. Here, a possible wave "y" was done on Feb 16!
If a "consolidation" should be next, it would bring some declining price for the reminder of the week into forehand, while stopping (if so to come) at or around 17600–17530 levels!
Well, the count of labels has been left unchanged, and my forecast is still valid!
Next update will be followed on Friday/weekend!
Have a great time.....
Ruebennase
Feel free to ask or comment1
Trading this analysis is at your own risk!