Hello Traders,
not much new to add, since the last analyse. N50 is trading within a range from 10866.45-11139.55.
The move looks overall really shy and sideways, giving no clear otions to one or the other direction.
Trading below 10876 open the door to the declining trendline (grey), ranging between 10630-10600 zone and the low ot the wave „y“ of (ii)) at 10557.70! Any break above the 11523 area will make this decline complete and a new advance is to favor.
Take note off the alternate labels, placed below the the bars.
Have a great week...
ruebennase
Questions and Comments are welcome!
Note!---> This analys can be wrong. It is just in my view the one with the most probabiltity with the Data which are available to me and by my interpretation of the EW Theory. If you trade this it is done by your own risk and decision! Keep that in Mind!!!
Data by NSEIndia.com!