After given upside rally, stock price is taking rest.
Daily Time Frame
As shown in chart, price took support and making a upside reversal pattern.
for study purpose only.
Analysis in weekly time frame.
Took support nearly at 1000 . and making a neutral candlestick.
Now if crosses 1047, High possibility to reach near latest swing high at 1100 and 1150.
And if crosses 1000, then possibility to reach near horizontal support near 950 or trend line support.
And if it breaks or crosses the triangle the we can see the level of 1300...
1) Nifty broke the short term trend line indicated by brown color.
2) if it closes today so next support will be the long term trend line. Which was previous Resistance, it can act now as a support.
So. you can make your decision as per this analysys.
