shadrach.prabhu11
Long

Nifty Breaks out after a Correction.

NSE:NIFTY   Nifty 50 Index
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Nifty seems to have completed a Running Flat pattern with a 5 subwave in Wave C and has broken to the upside. I am looking for a Trend continuation to the upside with a target at 9660 as long as the lower channel of the 240 trend line is not broken.

Also, there is a hidden bullish divergence on the MACD which supports the bullish view.
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