Nifty turned uptrend - holding above breakout
Breakaway gap - is not something that is formed in everyday market and it takes strong buying to create such a gap.
Nifty is now holding above the breakway level after the trendline breakout and taking support from the same level.
From here, I see a good possibility of upside to 25500 in the coming days.
However, the price now must move with providing good dips to enter to absorb the price action.
Do not consider this as a recommendation. I am not SEBI registered advisor and I am not responsible for your losses.
Nifty is now holding above the breakway level after the trendline breakout and taking support from the same level.
From here, I see a good possibility of upside to 25500 in the coming days.
However, the price now must move with providing good dips to enter to absorb the price action.
Do not consider this as a recommendation. I am not SEBI registered advisor and I am not responsible for your losses.
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