Hello Traders,
NIFTY50 has extended his gains to 18127, closing basis! It moved above the high on August 22, September 15 early November.
At my latter analysis, I wrote, that the extending gains should be waves „ ((5)) of iii“.
I have changed the degree of the waves to one lower degree. In consequence, it would mean, rising price for Mondays-Tuesday session.
The future has pushed to new highs since April 5, while the total off the candle closed above the price range of 18229!
I expect N50 to jump to new highs above, 18178 on Monday, may with extending price to the total of the session.
Pullbacks should not retrace more off the 38.2 Fibo. Otherwise, we have to check chart again for changing technically!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 has extended his gains to 18127, closing basis! It moved above the high on August 22, September 15 early November.
At my latter analysis, I wrote, that the extending gains should be waves „ ((5)) of iii“.
I have changed the degree of the waves to one lower degree. In consequence, it would mean, rising price for Mondays-Tuesday session.
The future has pushed to new highs since April 5, while the total off the candle closed above the price range of 18229!
I expect N50 to jump to new highs above, 18178 on Monday, may with extending price to the total of the session.
Pullbacks should not retrace more off the 38.2 Fibo. Otherwise, we have to check chart again for changing technically!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!