Hello Traders,
NIFTY50 is on the way! Price have gained to 21006, for the first time ever, and my target @ 21692 is still available!
Indicators are showing a possible sideways consolidation in the coming week, and Future made a kind of "doji" candle. The candle on Monday will be probably pretty important and will carry a message in itself!
My count, giving the chance for a "running-flat" has achieved the price levels. So, another argument for a sideways move ahead. The volume is declining a bit and could be another indicator for consolidating prices!
Overall to speak! The count is inline with my expectations and the path has been set. I will check the chart on a daily closing price and update in the coming week.
Have a great time.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
NIFTY50 is on the way! Price have gained to 21006, for the first time ever, and my target @ 21692 is still available!
Indicators are showing a possible sideways consolidation in the coming week, and Future made a kind of "doji" candle. The candle on Monday will be probably pretty important and will carry a message in itself!
My count, giving the chance for a "running-flat" has achieved the price levels. So, another argument for a sideways move ahead. The volume is declining a bit and could be another indicator for consolidating prices!
Overall to speak! The count is inline with my expectations and the path has been set. I will check the chart on a daily closing price and update in the coming week.
Have a great time.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.