SENSEX 12906.81
when Sensex kissed the low of 12612 on 10/23 then i thought it'll close the gap of 12632-12556 but it bounced back from that level, i feel that gap is the strong support for this rally. When it closes that gap tehn i feel that Wave 3 of the Wave 5 is surely have the termination. Unless it'll keep continuing this rally which resumed at 9875. The key resistence for the sensex is at 12995. If it penetrate the 12995 then i keep my target at 13339 which is the 1.618% of Wave 1 of the Wave 5. Daily CCI is just heading towards the Extreme Bullish, Momentum is also showing inherent strength. Daily RSI is hovering at overbought region.
when Sensex kissed the low of 12612 on 10/23 then i thought it'll close the gap of 12632-12556 but it bounced back from that level, i feel that gap is the strong support for this rally. When it closes that gap tehn i feel that Wave 3 of the Wave 5 is surely have the termination. Unless it'll keep continuing this rally which resumed at 9875. The key resistence for the sensex is at 12995. If it penetrate the 12995 then i keep my target at 13339 which is the 1.618% of Wave 1 of the Wave 5. Daily CCI is just heading towards the Extreme Bullish, Momentum is also showing inherent strength. Daily RSI is hovering at overbought region.
posted by Naveen Pantera at 3:37 PM
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