NIFTY : Trading at 25700+ Levels.
Trading above all its critical moving averages even in weekly charts(20/50/100/200) showing the momentum
Has formed Cup&Handle formation in weekly chart indicating a possible upside of another 800-1000 Points .Daily chart also confirms the momentum by formation of Inverted Head &shhoulder pattern.
Seems any reasonable dip is likely to be bought .23400 shall be considered as the major support point for any trend reversal.(For educational purpose only)
Trading above all its critical moving averages even in weekly charts(20/50/100/200) showing the momentum
Has formed Cup&Handle formation in weekly chart indicating a possible upside of another 800-1000 Points .Daily chart also confirms the momentum by formation of Inverted Head &shhoulder pattern.
Seems any reasonable dip is likely to be bought .23400 shall be considered as the major support point for any trend reversal.(For educational purpose only)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.