Nifty 50 Index
Long

nifty- breakout likely

149
This week's beginning saw Nifty breaking into All Time High zone but last three day's price action has clearly shown that it has not been a run-away kind of break-out.
Patternwise, an AB=CD pattern is pointing to levels of 10265+
And Fibb Extensions point to 10195,10260,10415 .
it has fanned out like a Flag/Pennant structure and we may break-out tomorrow .

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.