Hello Traders,
NIFTY50 has overrun my targets for the week! It pushes to 18114, what was close to the 1.382 Extension of the advance from15671-17442.
So following the chart technique the trend is up, and as long N50 is pricing above today's candle low @17809-17791, my next target is at or around the 18350-185xx levels.
Keep in mind the open gaps since the 15671 low. A close of the latter gap-up could be indicated as an „exhausting-gap“, and has the consequence, that more gaps should be close.
That's all for today.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 has overrun my targets for the week! It pushes to 18114, what was close to the 1.382 Extension of the advance from15671-17442.
So following the chart technique the trend is up, and as long N50 is pricing above today's candle low @17809-17791, my next target is at or around the 18350-185xx levels.
Keep in mind the open gaps since the 15671 low. A close of the latter gap-up could be indicated as an „exhausting-gap“, and has the consequence, that more gaps should be close.
That's all for today.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!