As we can see NIFTY finally showed its strength after testing our patience as discussed in our previous analysis that it formed bullish flag-pole pattern. Now following the structure we can see more room for upmove in NIFTY reaching its trendline resistance but based on global cues we can expect a weaker opening can be followed by strong closing so plan your trades accordingly and keep watching.
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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.