Nifty 50 Index

NIFTY - Ascending Triangle Breakout ?

Overall Nifty is in a Rising Wedge.

The way it is shaping up after a cup breakout and now 3 VCP in an ascending triangle, it seems the short term correction will be over soon, unless something drastic happens and the ascending triangle is breached on the downside.

MACD also looks bullish for now.

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