This is clearly a bullish view which is identified in IEX the basis of this if you can clearly check the chat weekly or daily time frame of nifty energy. There is a clear retracement and re-testing which has been done in nifty energy.
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.
