Hello Traders,
NIFTY50 has achieved into my target-range of 17520-178xx!
Today's daily candle was a strong „bull-candle“, pushing price higher.
My next target is at or around the 17882 area.
While I am using RSI-indicator for my trading, think we have this room to go, because the level of it is at 74 (closing) and it has left room to advance. If price will move in the trend-channel to the upper-side, we can extend the target-range to 17930-17950!
Note the open gap's on the way up at the chart. Gaps often act as a „magnet“! Once, the first open gap has been closed, one more or maybe all can be closed.
That's it for today.
Have a great weekend.....
Ruebennase
Feel free to ask or comment.....
Trading this analysis is at your own risk!
NIFTY50 has achieved into my target-range of 17520-178xx!
Today's daily candle was a strong „bull-candle“, pushing price higher.
My next target is at or around the 17882 area.
While I am using RSI-indicator for my trading, think we have this room to go, because the level of it is at 74 (closing) and it has left room to advance. If price will move in the trend-channel to the upper-side, we can extend the target-range to 17930-17950!
Note the open gap's on the way up at the chart. Gaps often act as a „magnet“! Once, the first open gap has been closed, one more or maybe all can be closed.
That's it for today.
Have a great weekend.....
Ruebennase
Feel free to ask or comment.....
Trading this analysis is at your own risk!