SGX 4 hour chart 01/03/2021 at 19.43 ist
SGX NIFTY
4 Hour chart
Positive Divergence on RSI has been witnessed.
As long as the low of 14441 is not violated expect a rise towards 15067-15243
for wave d later to follow up for wave e.
The above argument hold true as long as 14441 is not violated.
Once 14441 is violated expect a slide to
13974 as shown in the chart.
Its a correction market of sideways move for time correction and volatility will be seen as price correction for near term to short term.
A breakout above 15243 can change the tide for clutches of correction cycle.
Finally would need a breakout in near term as early as possibile above 15433.
Trend is down for correction cycle.
Up swing and down swing will happen till the correction structural pattern is not complete.
4 Hour chart
Positive Divergence on RSI has been witnessed.
As long as the low of 14441 is not violated expect a rise towards 15067-15243
for wave d later to follow up for wave e.
The above argument hold true as long as 14441 is not violated.
Once 14441 is violated expect a slide to
13974 as shown in the chart.
Its a correction market of sideways move for time correction and volatility will be seen as price correction for near term to short term.
A breakout above 15243 can change the tide for clutches of correction cycle.
Finally would need a breakout in near term as early as possibile above 15433.
Trend is down for correction cycle.
Up swing and down swing will happen till the correction structural pattern is not complete.