Hello, imoex russian index view & analysis index if sustains above 2,770 next target will be 3,260 & above 3,950. Index is looking bullish in 1D chart (targets identified from harmonic xabcd/abcd pattern levels 2.24/1.131) index will be bearish below 2,370. MOEX:IMOEX
After a long streak of bearishness Banknifty recovered from lows in the past 2 sessions. Currently the index is standing at a crucial resistance level, a break above that level can take BankNifty to 2nd resistance zone plotted on chart. Now talking on the downside price can see support at 32,000 levels and the next support is at 31,100 zone if price below 32k then...
Nifty 50 is seeing a deep correction since a while. On fundamental terms the action is happening around Russia-Ukraine news flows, now talking on the technical terms the Index is trading in Regression Trend Channe l. Currently price is trading around lower levels of the channel from here on key levels to watch out is resistance at 16850 if that gets clear then...
