If you look closely, it's a 14-year-old cup that is due for a break. The volume is also slowly increasing, RSI is 69.30 & DMI 54.43 on a monthly is on an upward trend meanwhile the market also is moving upwards Nifty broke the crucial mark of 17800. Not to forget, the resistance is also its ATH. If it breaks 98, it will skyrocket to around 155 in about 6–8 months.
Note-This is not financial advice, it is only for educational purposes. Do your research ( DYOR).
Hi there, congratulations on sharing your first post with the community. We hope you had fun during the learning experience. Hope to see you post more.
@zAngus, Thank you very much. The Tradingview community is made up of exceptionally intelligent people. Learning from the best has taught me several tricks. We'll see where this leads.
zAngus
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@VishuRGowda, TradingView is great! In case it helps, check out our FAQ area or some of our Editors Picks to see the type of posts that really stand out and get noticed in case they help with giving you more ideas.
From mod @zAngus