ruebennase

ruebennase

Hello Traders, the NIFTY50 is trading within a range of 25116 to 24462 point range. This range began on May 15th and is ongoing 'til this week! I have labelled this move as a wave 4! Chart analysis: If so to come, the next move should reach targets of roughly, 25574.90! Here, a wave 5 could end, or this was all of wave 1 of 5! If the move is a wave 1 of 5, the...

ruebennase

Hello Traders, waves ((ii)) (magenta) probably ended @24502! There is a possibility given, that this pattern could morph into a "triangle shape". However, this would be the pattern with the most unlikely chance to be established! Therefore, we focus on a potential a-b-c wave (iv) in green that is complete, and the next move will be to the upside. Chart...

ruebennase

Hello Traders, the NIFTY50 declined this morning roughly 210 points to 24526! This was today's low! After, a upmove started and created a buy-signal! Chart analisys! This buy-signal will be eliminated below the Monday's low @ 24526! You can enter the trade, if the upmove getting exhausted and retrace a 0.618 Fibo of the advance or you jump directly into the...

ruebennase

Hello Traders, The week started at 25,058 — the week's high — and has declined since then. It bottomed out at around 24,462. This move probably ended wave w (pink), or it could have been the entire wave iv (blue). Chart analysis: If it was all of wave iv (blue) the next move will be up to a new high in the coming week. However, a drop around the 24789 range could...

ruebennase

Hello Traders, the NIFTY50 has advanced to 25116.25 on Friday! This was week's high. So, my expectation was wrong! Instead, the index rallied to the new multi week's high. Chart analysis: The level of 24973.80 was wave one (red) ( of v (blue), the correction after wave 2 of v, same degree. The coming move probably should start wave 3 (red) of 5 (blue). One...

ruebennase

Hello Traders, the NIFTY50 has failed to reache my stated target area @ 24620 points and declined to 24038 during Friday's session! This was not expected, but still happened! So, the open target is also available @ 23585 points at the downside within a wave 4. Chart analysis. The decline within a wave 4 is not over yet! One open target is valid around the 23585...

ruebennase

Hello Traders, the NIFTY50 has extended my cited price area to ~24620 range. It was exactly @ 24589.15 points! Here, a wave iii (blue) ended! Chart analysis: If this was all of waves (5) of iii (blue), the next move could be a wave iv (blue) to around the range of 23709 to 23845.15 zone! This one should morph into an a-b-c correction, or a triangle. While...

ruebennase

Hello Traders, the NIFTY50 reached on Friday the level of 24365 and fell to a close @ 24039.35! This level (@24365) can be a wave iii! The next move would be a wave iv, that can retrace to 23585. The next opportunity could be a wave c that is done or close to be done. Chart analysis: If the wave iii would be done, the next move should be to the cited target range...

ruebennase

Hello Traders, the NIFTY50 has achieved my target range @ 23872 and touched the wave x² range of a possible triple pattern. This was inline to my analysis! It will be interesting to observe how market will react in the coming one or two days ahead! Chart analysis! As to seen, there is a trend line drawn, and it has been touched three times, what makes this one...

ruebennase

Hello Traders, the NIFTY50 has achieved my target range @ 23872 and touched the wave x² range of a possible triple pattern. This was inline to my analysis! It will be interesting to observe how market will react in the coming one or two days ahead! Chart analysis! As to seen, there is a trend line drawn, and it has been touched three times, what makes this one...

ruebennase

Hello Traders, the NIFTY50 has penetrated my cited target range @ 22161.60 (watch the rectangle), and probably has finished a wave z of a triple correction! If so, the next move should bring N50 ant least to 23689.60–23807. This is the level of a wave x² range. As to see, at the 1h chart, I have labeled the chart as an impulsive move up to 22923.90. Here, an...

ruebennase

Hello Traders, yesterday, I wrote the following words: "If not, the index has the possibility to crash to new lows. From my view, I need to see a final "sell-off" in the coming one or two weeks, to clear the market and banish those shaky hands! !" That is what exactly happened this morning! A CRASH! Shaking off the shaky hands! The markets are on the verge of...

ruebennase

Hello Traders, the NIFTY50 has declined to my target area @ 23038, and it's test of this boundary failed! It declined further to 22857 points. I have visualized the opportunity for a triple correction, counted w-x-y-x2-z! Probably the index is moving back to a wave 4 of lower degree, which is around 21821.45 area. Another target range could be @21137 for the...

ruebennase

Hello Traders, the NIFTY50 has seen a massive sell-off during Monday's session. It declined from a high @ 23483.70 to a low @ 23221.15 in the first trading hour. That was a huge sell-off, off about 227.15 points. It collapsed below my favored sell-off level @ 23462 and opened the door to more selling pressure, as it touched my price range from 23289 to 23196 by...

ruebennase

Hello Traders, on Monday and Tuesday the NIFTY50 has reached higher price levels, up to 23869.60! This was the peak for this wave. Since, the NIFTY50 is in a corrective mode and set a new multi-days low @ 23412.10! This could be a wave "w" of a w-x-y correction. Possibly it can morph into a triple correction! Anyway! If N50 escape above the level of 23649.20 on a...

ruebennase

Hello Traders, what to say? The NIFTY50 has fulfilled all my cited price-targets.It perfectly popped to to 23807.30, a possible wave x² of a triple correction. I have switched the count from corrective to impulsive and label it 1-2-3 (achieved) with waves 4 and 5 to follow! Keep in mind, that wave ((ii)), which started @ 16828 @ 2023-03-20 has corrected the 0.382...

ruebennase

Hello Traders, the NIFTY50 has run into my cited price area I mentioned, ranging from 23038 to 23785. This is a wide range, but these are the facts! One open target is @ 23502 area. Here a decision will be made, whether it was it was the short coverage or just the end of wave v of ((iii)) of c!? On the daily chart to observe is the fact, that price has popped...

ruebennase

Hello Traders, this time I'd like to show you a lower timeframe to analyze the chart. Let's dive in the 15 minutes time area. The possible wave b-low @ 22329.55 was all of waves ((b))! The move to the upside probably was a wave ((c)) up, and it is developing within an impulsive structure. One target for this idea is around 22900 area. This would end a wave...