ruebennase

ruebennase Apr 1

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 Mar 28

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 Mar 25

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 Mar 23

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 Mar 18

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 Mar 15

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 Mar 8

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 Feb 22

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  Jan 30

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 Jan 25

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...

ruebennase Jan 22

Hello Traders, the NIFTY50 has declined to 22976.85 on Monday 20th! It formed a "Hammer-candle" on January 21th! From a technical perspective, this low wasn't lower than the one on Januar 20th! So handle with patient. A trade is thinkable, but it is not my favorite, 'cause we are clear in a down trend. So I would feel better to rise above the 23426 level to make...

ruebennase Jan 18

Hello Traders, the NIFTY50 is on track with my predicted scenario! It fell to 23047 on Monday and the recovery since is weak! So, I expect several lower lows in the coming week and a possible target range at or around 221xx area! A buying opportunity is given above the range of 24188 to 24226 to establish a brand new buy signal! The next wave, if so to come, could...

ruebennase Jan 12

Hello Traders, as before; the NIFTY50 shows weakness again and I think, there is more pressure to come. If N50 will decline below the level of 23349 to 23263 (daily timeframe ), the door is open to much lower levels in the coming weeks ahead! Reallly often, some indices are showing a "three-down" while getting weak. More often than not, waves c=a in price. So the...

ruebennase Jan 4

Hello Traders, the NIFTY50 plunged to 23460 on December 31th! The recovery than has brought the N50 back to 24226 on January 2nd. This could be a wave 2 of c! From this perspective, the forecast is inline with my expectation. So, the next move could be a wave 3 of c down to fresh new lows in the days ahead. Keep in mind! C-waves are almost the strongest waves...

ruebennase Dec 31, 2024

Hello Traders, the NIFTY50 isn`t done yet! This is the main meaning! A drop below the 23263 level , on an hourly baisi at minimum, opens the door to lower levels! One formidable price target should be around 218xx to 22670 range. Lower targets exist. Recall! Waves four of every degree always come back to a wave four of lower degrees. In this case, the chance has...

ruebennase Dec 21, 2024

Hello Traders, the NIFTY50 extend his gains to 24857 on December 05th! After, a sharp decline to 23537 occurr. This move took the shap of a flat in progress, and if so to come, the next move would be to the upside. Targets remain from 24537 to 25234 area. Note the detailed count. The advance from the December 5th low is three waves and so a wave w! The decline is...

ruebennase Dec 18, 2024

Hello Traders, the NIFTY50 failed to rise above Thursday`s top @ 24857 and fell straight down 24149.85 this morning. As per my weekend edition, the index still has two options. If the high @ 24857 was a double wave 1 and 2, the low @ 23873 has to remain valid for this scenario. A decline below that level eliminates the first option. Breaking below that level,...

ruebennase Dec 15, 2024

Hello Traders, The NIFFT50 made a low on the 21st of November at 23262! Since then it has been moving within a "three-up" or double wave 1 and 2! In the first case, the next move should be to the downside, developing a wave c/y to lows below 23263 for the next 2-3 weeks. A good indication of such a move is a break of 23873. A possible price range for such a move...