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Oct 29, 2019 10:28 AM

Dome pattern ?! 

Nifty 50 IndexNSE

Description

In weekly chart of Nifty it looks like it is making the swing highs under a dome pattern. This is a very rare pattern in Indian stocks. If it plays out, Nifty should not make a new high and should reverse from around 11950 - 12050 zone. Downside range is wide open till 10000 at least.
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