absu21

SGX Nifty Future Forecast in ABCD Pattern

Long
SGX:IN1!   SGX NIFTY 50 INDEX FUTURES
SGX nifty is showing ABCD pattern where CD leg already have created an Fib extension of 1.272 AB at 13184.
It is already a bullish script now if it is breaks 1.272 level and goes up then it may go till 1.618 and further more 2 in fib level.

So the bullish entry should be above 13184 and Targets are 13622 and 14105.

Now if the script comes down and breaks the Fib extension level 1 of CD then it may gives a Target of 12500/ 12113/ 11836.

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.