ruebennase

NIFTY 50....The trend is your friend! Watch out!

NSE:NIFTY   Nifty 50指數
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

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