Hello Traders,
Since my last analysis NIFTY50 is on its way to 22500 range. The high so far is @ 22440 and shy below! So only 60 points are left.
Well, if the trend continues, the target will be reached in the coming sessions. If 22500 area is not the end of the bull run, a higher target is at or around 22900 area as mentioned before.
If N50 drops below the blue trend line again, a possible corrective setback to ~ 22048-21860 is in the cards. For this argument I need more facts.
A break of the short-term trend channel (black lines) will signal bearish potential to the 21770-21000 area!
That's it for today!
Have a great week .....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
Since my last analysis NIFTY50 is on its way to 22500 range. The high so far is @ 22440 and shy below! So only 60 points are left.
Well, if the trend continues, the target will be reached in the coming sessions. If 22500 area is not the end of the bull run, a higher target is at or around 22900 area as mentioned before.
If N50 drops below the blue trend line again, a possible corrective setback to ~ 22048-21860 is in the cards. For this argument I need more facts.
A break of the short-term trend channel (black lines) will signal bearish potential to the 21770-21000 area!
That's it for today!
Have a great week .....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.