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 be strong without taking any deep breath! So, keep in mind, that the "weak-hands" are willing to give their positions and got shake off the market!
It is up to you, to cover <your calls or to liquidate them! But of course, that is what you have been doing for some weeks ahead!
Anyway! The stage has been set and we will see, how markets will play and mix the cards!
Have a great week......
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
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 be strong without taking any deep breath! So, keep in mind, that the "weak-hands" are willing to give their positions and got shake off the market!
It is up to you, to cover <your calls or to liquidate them! But of course, that is what you have been doing for some weeks ahead!
Anyway! The stage has been set and we will see, how markets will play and mix the cards!
Have a great week......
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
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