Hello Traders,
NIFTY50 is on track to my price target @ 18453.
More bullish potential exist.
Any pull back that ends above or at 17436-17211 range is a corrective setback on lower degree.
A break of this level should open the door to 10756 and below to 16700 area!
While N50 is rising since the level of 17300 range without any stronger correction, the air becomes „thinner“ as long as the bull-run is underway.
So be prepared for a possible hard and quick setback!
I will update the count if my midterm price target got hit!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 is on track to my price target @ 18453.
More bullish potential exist.
Any pull back that ends above or at 17436-17211 range is a corrective setback on lower degree.
A break of this level should open the door to 10756 and below to 16700 area!
While N50 is rising since the level of 17300 range without any stronger correction, the air becomes „thinner“ as long as the bull-run is underway.
So be prepared for a possible hard and quick setback!
I will update the count if my midterm price target got hit!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!