Hello Traders,
the NIFTY50 extend his gains to 24857 on December 05th! After, a sharp decline to 23537 occurr.
This move took the shap of a flat in progress, and if so to come, the next move would be to the upside. Targets remain from 24537 to 25234 area.
Note the detailed count. The advance from the December 5th low is three waves and so a wave w! The decline is an, so called, "whatever correction", and the possible move to the upside, if so to come, must be an ("a-b-1-2-3-4-5")-y advance!
Thereafter a decline to lower lows below 23263 should be next!
But it is to early to judge and we have an eye to the facts.
In fact! If this move was all of the correction (@ 23263) the next move is an impulse to new highs in the coming weeks.
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
the NIFTY50 extend his gains to 24857 on December 05th! After, a sharp decline to 23537 occurr.
This move took the shap of a flat in progress, and if so to come, the next move would be to the upside. Targets remain from 24537 to 25234 area.
Note the detailed count. The advance from the December 5th low is three waves and so a wave w! The decline is an, so called, "whatever correction", and the possible move to the upside, if so to come, must be an ("a-b-1-2-3-4-5")-y advance!
Thereafter a decline to lower lows below 23263 should be next!
But it is to early to judge and we have an eye to the facts.
In fact! If this move was all of the correction (@ 23263) the next move is an impulse to new highs in the coming weeks.
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.