ruebennase

ruebennase

Hello Traders, the NIFTY50 has failed to reache my stated target area @ 24620 points and declined to 24038 during Friday's session! This was not expected, but still happened! So, the open target is also available @ 23585 points at the downside within a wave 4. Chart analysis. The decline within a wave 4 is not over yet! One open target is valid around the 23585...

ruebennase

Hello Traders, the NIFTY50 has extended my cited price area to ~24620 range. It was exactly @ 24589.15 points! Here, a wave iii (blue) ended! Chart analysis: If this was all of waves (5) of iii (blue), the next move could be a wave iv (blue) to around the range of 23709 to 23845.15 zone! This one should morph into an a-b-c correction, or a triangle. While...

ruebennase

Hello Traders, the NIFTY50 reached on Friday the level of 24365 and fell to a close @ 24039.35! This level (@24365) can be a wave iii! The next move would be a wave iv, that can retrace to 23585. The next opportunity could be a wave c that is done or close to be done. Chart analysis: If the wave iii would be done, the next move should be to the cited target range...

ruebennase

Hello Traders, the NIFTY50 has achieved my target range @ 23872 and touched the wave x² range of a possible triple pattern. This was inline to my analysis! It will be interesting to observe how market will react in the coming one or two days ahead! Chart analysis! As to seen, there is a trend line drawn, and it has been touched three times, what makes this one...

ruebennase

Hello Traders, the NIFTY50 has achieved my target range @ 23872 and touched the wave x² range of a possible triple pattern. This was inline to my analysis! It will be interesting to observe how market will react in the coming one or two days ahead! Chart analysis! As to seen, there is a trend line drawn, and it has been touched three times, what makes this one...

ruebennase

Hello Traders, the NIFTY50 has penetrated my cited target range @ 22161.60 (watch the rectangle), and probably has finished a wave z of a triple correction! If so, the next move should bring N50 ant least to 23689.60–23807. This is the level of a wave x² range. As to see, at the 1h chart, I have labeled the chart as an impulsive move up to 22923.90. Here, an...

ruebennase

Hello Traders, yesterday, I wrote the following words: "If not, the index has the possibility to crash to new lows. From my view, I need to see a final "sell-off" in the coming one or two weeks, to clear the market and banish those shaky hands! !" That is what exactly happened this morning! A CRASH! Shaking off the shaky hands! The markets are on the verge of...

ruebennase

Hello Traders, the NIFTY50 has declined to my target area @ 23038, and it's test of this boundary failed! It declined further to 22857 points. I have visualized the opportunity for a triple correction, counted w-x-y-x2-z! Probably the index is moving back to a wave 4 of lower degree, which is around 21821.45 area. Another target range could be @21137 for the...

ruebennase

Hello Traders, the NIFTY50 has seen a massive sell-off during Monday's session. It declined from a high @ 23483.70 to a low @ 23221.15 in the first trading hour. That was a huge sell-off, off about 227.15 points. It collapsed below my favored sell-off level @ 23462 and opened the door to more selling pressure, as it touched my price range from 23289 to 23196 by...

ruebennase

Hello Traders, on Monday and Tuesday the NIFTY50 has reached higher price levels, up to 23869.60! This was the peak for this wave. Since, the NIFTY50 is in a corrective mode and set a new multi-days low @ 23412.10! This could be a wave "w" of a w-x-y correction. Possibly it can morph into a triple correction! Anyway! If N50 escape above the level of 23649.20 on a...

ruebennase

Hello Traders, what to say? The NIFTY50 has fulfilled all my cited price-targets.It perfectly popped to to 23807.30, a possible wave x² of a triple correction. I have switched the count from corrective to impulsive and label it 1-2-3 (achieved) with waves 4 and 5 to follow! Keep in mind, that wave ((ii)), which started @ 16828 @ 2023-03-20 has corrected the 0.382...

ruebennase

Hello Traders, the NIFTY50 has run into my cited price area I mentioned, ranging from 23038 to 23785. This is a wide range, but these are the facts! One open target is @ 23502 area. Here a decision will be made, whether it was it was the short coverage or just the end of wave v of ((iii)) of c!? On the daily chart to observe is the fact, that price has popped...

ruebennase

Hello Traders, this time I'd like to show you a lower timeframe to analyze the chart. Let's dive in the 15 minutes time area. The possible wave b-low @ 22329.55 was all of waves ((b))! The move to the upside probably was a wave ((c)) up, and it is developing within an impulsive structure. One target for this idea is around 22900 area. This would end a wave...

ruebennase

Hello Traders, the NIFTY50 has been moving sideways for the past week. It shows a tight trading range from 22314-22676 with a spike to the upside! That show's to my view, that the move up is not over yet. Probably on lower low (above the 21694) is to be expected, but also a second leg to the upside as well is to expect. So, what's the conclusion for the coming...

ruebennase

Hello Friends, the NIFTY50 has reached and undercut my predicted corrective target for several weeks. It fell to 21964 on Tuesday the 04th and is showing a rebound of almost 500 points! The distance of this correction is equivalent to waves c to a! Of course, the index has options to fall much lower in the coming weeks, but a "short" recovery is always possible....

ruebennase

Hello Traders, Personal note! I am at home during my rehabilitation program after my stroke. A short break from the daily rehab routine. I expect to continue my rehab until the 6th of March 2025. After that, I hope to be back to normal. Thank you all for your understanding and best wishes for a speedy recovery! Kind regards Rubennase The chart! After an...

ruebennase Updated 

Hello Traders, Something really interesting happened this morning! A "Morning Star" occurred, and it was "created" by the candles from Friday the 24th to Tuesday the 28th! A morning star is made up of three candles. The first day could be bearish, the second day is lower than the previous day and ideally it is a bearish day as well. The next day needs a gap to the...

ruebennase

Hello Traders, my long term forecasted target area comes into focus! Round about 1000 points lower and we will hit the target. If so to come, at this point we can check out for a reversal at the chart! But; step after step! I'am following the idea of a w-x-y wave to be established, and if so, we trading downwards within a wave 3 of 5 of x! Waves 4 more often...