Longterm up trendline gets respected and price is making consistently higher highs / higher lows.
Possible another impulsive move into the previous highs which would also be my target area.
Trade with care! - chartingfeed
The weekly right side is up against 3588, the daily & 4 hour are turning down against the 2/17/20 highs. While above 9338 the index can see the 11234-11680 area. While below the 2/17/20 highs the index can see another swing lower to correct the cycle from the 2009 lows.
The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows.
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
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Global Markets Like
Europe
Germany
France
has started Falling.
Indian Market already falling since a month.
So do not Buy Stocks or...
Short due to formation of a Descending Triangle . Will hit 3 different support levels. best to wait and watch and place a trade after prices follow the trend predictions
