Indeks Nifty 50
Panjang

NIFTY looks a nice long

537
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.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.