Is Nifty forming a perfect flag pattern ?

NSE:NIFTY   Nifty 50 Index
After making a high of 18400, so far the trend followed by nifty is falling perfect to a flag pattern.
The last 2 breakout rallies of Nifty had been of 30% each. Considering it repeats the historic trend, a target of 30% from its current common low of 16800 will take Nifty to a high 21K+. That's only after it breaks the flag towards upside.


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.