Nifty 50 - early signs of bullish reversal/ continuation

6 thg 12

NIFTY has seen a modest recovery after a strong correction which started in 27 Sept. Though we do not dispel a possible rebound, the stock may also be in a larger 3-wave structure and the current rebound may be an upside B leg corrective wave. But nontheless, the index is likely to continue on its upside as Ichimoku has shown two out of three bullish crossover. Stochastic also shown oversold crossover signal. First target at 25,780