Hello Traders,
not much new to add for NIFTY50!
My target area 18450 is still valid and N50 is on track to achieve it!
A break of the 17326 level on a daily closing price is needed, to re-adjust the outlook! At this level, we have a wide support-range (orange rectangle)!
Should this zone be broken downwards, then a move to 17200 should be next.
Here, if it were to happen before 18450 is reached, we would have to re-evaluate the pattern.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
not much new to add for NIFTY50!
My target area 18450 is still valid and N50 is on track to achieve it!
A break of the 17326 level on a daily closing price is needed, to re-adjust the outlook! At this level, we have a wide support-range (orange rectangle)!
Should this zone be broken downwards, then a move to 17200 should be next.
Here, if it were to happen before 18450 is reached, we would have to re-evaluate the pattern.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!