As we can see despite forming M pattern and breaking below, it still looks very weak looking at weekly candlestick which is aligning with our analysis since 26000 level! We will stick with our analysis until and unless NIFTY breaks above and sustains itself above 26000 and closes weekly keeping our first target intact at 25500. So plan your trades accordingly and keep watching everyone.
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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.