Hello Traders,
with an "over-night" delay (for which I apologize), here is a brand-new analysis for NIFTY50!
The N50 has dropped, 'caused by the announced Tariffs for the "BRICS" countries.
The "Orange-man" who took residential at Pennsylvania Avenue at DC announced again tariffs at a record high for the BRICS-countries! Anyway! One step forward, one step back! This is clown's business!
The chart analysis:
N50 dropped to a low @ 25001.95 this morning. Here, a buy-signal occurred that would be activated @ 25109 points. Stop-loss must be set @25100!
The multi-week target, I have announced some weeks ago, are still valid.
While price break below the rising trend-line, connecting the high @25116 and 25222 a first target would be exactly at the level of 25350 (+/-) depending on when and if it will be touched!
In fact, the wave pattern could be also a wave 2, difficult to count, but still possible.
It needs a decline below 23246 points to eliminate this count!
While markets are unpredictable, 'caused by the US tariffs politics, it is very difficult to forecast the moves.
Probably one got argument would be, to pause the trading and wait til markets get less volatile.
That's it for today.
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
with an "over-night" delay (for which I apologize), here is a brand-new analysis for NIFTY50!
The N50 has dropped, 'caused by the announced Tariffs for the "BRICS" countries.
The "Orange-man" who took residential at Pennsylvania Avenue at DC announced again tariffs at a record high for the BRICS-countries! Anyway! One step forward, one step back! This is clown's business!
The chart analysis:
N50 dropped to a low @ 25001.95 this morning. Here, a buy-signal occurred that would be activated @ 25109 points. Stop-loss must be set @25100!
The multi-week target, I have announced some weeks ago, are still valid.
While price break below the rising trend-line, connecting the high @25116 and 25222 a first target would be exactly at the level of 25350 (+/-) depending on when and if it will be touched!
In fact, the wave pattern could be also a wave 2, difficult to count, but still possible.
It needs a decline below 23246 points to eliminate this count!
While markets are unpredictable, 'caused by the US tariffs politics, it is very difficult to forecast the moves.
Probably one got argument would be, to pause the trading and wait til markets get less volatile.
That's it for today.
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.