Looking at the weekly chart it looks like the NIFTY has completed a wave 4 decline and is starting a wave 5.
The 40 level held on the weekly RSI held the 40 level at the end of wave Y and there was divergence on the daily RSI.
I am looking for upside targets of 940.50 and 10390.22
I am still a bot cautions as the new impulsive wave is still in 3 waves so wave Y might turn out to be a flat and we could have five waves down to finish this.
The 40 level held on the weekly RSI held the 40 level at the end of wave Y and there was divergence on the daily RSI.
I am looking for upside targets of 940.50 and 10390.22
I am still a bot cautions as the new impulsive wave is still in 3 waves so wave Y might turn out to be a flat and we could have five waves down to finish this.