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H & S Breakout in Nifty, Feels like Euphoria Phase of Bull-run.

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Fibonacci Support and Resistance Fibonacci Retracement niftyanalysis niftyheadandshoulder niftysupportandresistance niftytrend spotnifty niftysupports niftyresistance
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trendanalysis fibonacci supportandresistance fibonacciretracement niftyanalysis niftyheadandshoulder niftysupportandresistance niftytrend spotnifty niftysupports niftyresistance
Head and Shoulder like Pattern in formed in Nifty. Currently Nifty looks like overbought. RSI is also above 80 and it feels like Euphoria Phase of Bull-run is activated. For how long the continuous bull run can persist is difficult to say as market can remain irrational more than investors can remain rational. To have a sustainable growth a little bit of correction or consolidation would be good but you never know. Bull-run is called a Bull-Run for a reason. Major fibonacci resistance for Nifty is near 20920. Supports for Nifty are near 20695, 20518, 20222 and 19736.
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