if the upper resistance line isn't broken then chances are nifty can reverse for another low, as all the structures made here are 3 waved structure, and it doesn't seem ready to go up just now.
Count invalidates if the line is broken.
Trade closed: target reached
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Nifty breached the upper resistance line but did not stay there for longer and now it looks like it has been reversed, It has came back down in an impulsive manner till yet