If Nifty closes Bullish today with an O=L candle, it would signal that buying is back.
Nifty has been consolidating in this range since it formed a last high in Jul-25.
Today if we have a Bullish close, look for a W type pattern on the 1H chart which if broken will give a confirmation of resumption of Bullish trend.
Those looking for swing entries can then build long position for Target of 25,800 as a first target.
Nifty is poised to hit 26,300 level in the near term.
Nifty has been consolidating in this range since it formed a last high in Jul-25.
Today if we have a Bullish close, look for a W type pattern on the 1H chart which if broken will give a confirmation of resumption of Bullish trend.
Those looking for swing entries can then build long position for Target of 25,800 as a first target.
Nifty is poised to hit 26,300 level in the near term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.