Nifty Weekly Analysis
Nifty Closed 14175.30 On Friday . 520 Points And 3.49 % Gains From Previous Week Closing .
Momentum Was Very strong and it helped it Breaking Out From A Crucial Resistance Level Of 15050 , And Given Strong Closing Above it , It Showed A Strong Momentum Built Up For Coming Weeks .
FLAG BREAKOUT Also Seen In Technical Chart ....
Stock is in strong uptrend , And Consolidating In A Channel From Last 6 Months
Breakout From channel ( Flag ) Sustain Above Breakout Will take it to 19800 - 20200 In Coming Months .
RSI Taking Support On 43 Levels And Now Given Breakout To A down Sloping Trendline , Momentum Is Picking Up Strength .