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NIFTY CHART ANALYSED FOR 5th APRIL

NSE:NIFTY   Nifty 50 Index
Analysed NIFTY instead of BANKNIFTY as NIFTY seems must stronger than BANKNIFTY and currently trading at crucial levels ✅

inverted head and shoulders like pattern identified more like cup and handle which shows a strong bullish continuation pattern but things that should be kept in mind before going long !

Currently trading around 14880-14900, to continue its bull run it has to close its 15 minute candle above 14900, only on that candle closing high we can go long!!

REASON FOR NOT TAKING ANY AGGRESSIVE LONG POSITION 🚨

The rise in COVID cases being its second wave leading to many states shutdown which is further making inefficient to work at their maximum potency

The lockdown in neighbouring countries like BANGLADESH can effect significantly in international trade 🚨

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