Índice Nifty 50Actualizado Will today's bounce sustain
We feel that the bounce which may start with today's gap up might sustain because:-
1. Price has reached very close to the important support zone of 16730-16980
2. Trendline support of the expanding triangle is also near by
3. RSI Divergence if materializes if green close happens today
4. EW structure looks complete - only condition is a green close
If the bounce sustains for short term, we will be keenly watching price behaviour near the blue zones marked.
Good Days Ahead!
1. Price has reached very close to the important support zone of 16730-16980
2. Trendline support of the expanding triangle is also near by
3. RSI Divergence if materializes if green close happens today
4. EW structure looks complete - only condition is a green close
If the bounce sustains for short term, we will be keenly watching price behaviour near the blue zones marked.
Good Days Ahead!
Nota
First target zone reachedCheers!
Time to trim positions
Nota
Second Target zone achieved...We will be closing our trade around 18050-18100 as the move is now looking overheated...
Cheers!
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.