ruebennase

ruebennase

Hello Traders, The NIFTY50 has closed the open gap @ 25004 points as argued in my latest analysis. As a result, a new ATH has been established at 25268.35. There is a chance that this high is wave ((5)) of iii and a corrective move can be next in the coming week. If so, a price level for this idea is around 23893 to 21281! But moving from weekly to daily time...

ruebennase

Hello Traders, The NIFTY50 has bounced back from the "Monday crash" two weeks ago! It has rallied to a 0.786 Fibonacci from the decline and is pricing in the next "gap" level that has been left open from 25004-24858. As you know, gaps often act as a "magnet" and the market will close them. So, this is one of the arguments what can happen in the next session on...

ruebennase

Hello Traders, the NIFTY50 is moving sideways since Tuesday, without any clear evidence to one or the other direction. My count ideas are still possible to describe! Either we see a wave 4 in progress or it probably ended @24419 (the wave ((c)) of 4 idea), or the sideways consolidation morph into a wave d and e to follow? Means, we still see a higher low above...

ruebennase

Hello Traders, on February 24th I wrote this analyzes for SMCI→ www.tradingview.com The price target I called out, more than 5 months ago, was achieved and undercut the last days! Yesterday's closing price was @ $ 492.70, the pre-market today suggest price levels @ $480.-! If the move from $1229.- indeed has been a waves w-x-y, the price target for a wave c of y...

ruebennase

Hello Traders, the "Buying climax" I called out on my last analyze played out on Monday and it touches the trendline as drawn at the chart and forecasted! International markets have crashed in a possibly "one-day-crash", but it is to early to judge this argument. What to expect for the rest of the week? The daily price chart shows two "gap-down", what I...

ruebennase

Hello Traders, let's focus on the weekly time-frame. The NIFTY50 has once again made a new ATH @ 25078 points. This was expected as per my last analyze! One open price level is around 253xx range. But to notice is the following fact. The weekly candle opened @ 24943.30 points and set a new ATH as per opening price. The ATH @ 25078 follows and for the rest of the...

ruebennase

Hello Traders, the NIFTY50 has made a new ATH on Friday @ 24861.15 points. This was in line with my expectations! Probably this high was all of wave ((3)) or it is close to it. A possible target range is per my analyse around the 253xx area. It needs a decline below the last low @ 24074, the "hammer candle" of July 19th! As long as this is not the case, the...

ruebennase

Hello Traders, within 2 trading-sessions, the NIFTY50 has advanced to my target range @ 241xx levels. Today's low was @ 240774.20. It bounced right to the trendline, I have left at the chart! Here, a red "hammer-candle" was formed by traders, and the chance is high to see a "pull-back" to the ATH @ 24854.80 points. For this idea it is necessary that N50 is trading...

ruebennase

Hello Traders, NIFTY50 is moving from ATH to ATH! The latest @ 24854.80 doesn't look like the final one. As per my count, the N50 is moving within a wave ((3)) of 3 of (v). But on a daily basis we get a sell signal what is valid, as long N50 is trading below 24854.80, with potential to 241xx range. But to be honest; the sell signal we have seen at the past weeks,...

ruebennase

Hello Traders, My new favorite idea for NIFTY50 is to watch the on the chart. I counted it on a monthly basis to show the potential on a long term view! I've been following the N50 since ~8000 points, and we are all very well-prepared for the for the upcoming moves! 24000 points for the first time was a milestone in history and gave me a very special...

ruebennase

Hello Traders, The idea of my "EDT" is looking less and less likely! The future is 381 points below the ATH @ 23844, while the cash market is only 48 points below its ATH! A little "divergence"! What can we expect in the coming sessions? Well, what doesn`t go down will go up, and a new ATH will signal a continuation of the trend in the main direction! So in this...

ruebennase

Hello Traders, (At the time, the analysis was prepared, trading was still ongoing!) Yesterday NIFTY50 crashed! I have tried to count the index, but I don't have any possible idea! The moves from 21137 were corrective, cause show overlapping waves, and no clear impulsive character! I was arguing something is just around the corner, and this could be a not so...

ruebennase

Hello Traders, (At the time, the analysis was prepared, trading was still ongoing!) According to my latest quick note for the NIFTY50, the index has made a new ATH @23019 today! Under rare conditions, a new ATH probably occurs within a corrective move to the upside, i.e. within a wave b/x or a wave y! It seems to me that this is not the case for now! As before!...

ruebennase

Hello Traders, NIFTY50 made a low @ 21821 on May13th and is rising since. For those traders, who failed to enter the market the very next day, a bottom could be achieved. A stopp level for the bulls can be set @ or around the 22055 area! As per my count, a wave (c) was done at the low and N50 is ready to advance to a new ATH in the coming sessions. Because of...

ruebennase

Hello Traders, Since April 28th, my last analysis, the NIFTY50 has dropped almost 400 points to close at 22055 on Friday, May 10th! This was in line with my expectations and analysis! The intraday low was ~100 points lower. I left my forecast arrow unchanged, so you will be watching my work! What can we expect from the index next week? Overall to say, the index is...

ruebennase

Hello Traders, The NIFTY50 rose to 226625 on April 24th and broke above the upper boundary of the channel, but failed to break above this area the next day as well. It falls back to a closing level of 22419, with heavy volume in the range between the open and close. On the 15-minute chart, the move from 22725 to 21777 can be seen as an impulsive move, which could...

ruebennase

Hello Traders, NIFTY50 dropped to 21777 on Friday's session. My call was, that a drop below, 22303 would open the door for more selling pressure. That's what happened; more than 400 points was the decline for N50. The move since is strong and directly up, a so called "v-reversal" with a gap to the upside this morning, that is still open so far. Sooner or later,...

ruebennase

Hello Traders, NIFTY50`actually ATH @ 22775 could be one for the long haul! Like a slack-liner, N50 is dancing on the upper boundary of the trend channel. A break below this line could open up more bearish potential for the index! The move of the possible wave c of the (4) low at 21137 is not yet a clear impulse! So, the chances are that this move will be one,...