Hello Traders,
what to say? The NIFTY50 has fulfilled all my cited price-targets.It perfectly popped to to 23807.30, a possible wave x² of a triple correction.
I have switched the count from corrective to impulsive and label it 1-2-3 (achieved) with waves 4 and 5 to follow!
Keep in mind, that wave ((ii)), which started @ 16828 @ 2023-03-20 has corrected the 0.382 Fibonacci, measured from wave ((ii)) to wave ((iii))! It also has achieved into the former wave iv of ((iii)) area, what is also a price target for this wave.
Anyway!
The new level to watch is the area of 21964.40. As long as this area is valid, an impulse is underway and the next move could be a wave ((iv)) retracement. This probably has the potential to retrace to or around 23300 range.
That's it for tonight!
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
what to say? The NIFTY50 has fulfilled all my cited price-targets.It perfectly popped to to 23807.30, a possible wave x² of a triple correction.
I have switched the count from corrective to impulsive and label it 1-2-3 (achieved) with waves 4 and 5 to follow!
Keep in mind, that wave ((ii)), which started @ 16828 @ 2023-03-20 has corrected the 0.382 Fibonacci, measured from wave ((ii)) to wave ((iii))! It also has achieved into the former wave iv of ((iii)) area, what is also a price target for this wave.
Anyway!
The new level to watch is the area of 21964.40. As long as this area is valid, an impulse is underway and the next move could be a wave ((iv)) retracement. This probably has the potential to retrace to or around 23300 range.
That's it for tonight!
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.