NIFTY 50 Index | Weekly
1) Trading between approx 16000-18000 Range.
2) Currently trading on Trendline Support around 16000.
3) Also, having subsequent RSI support as of now.
4) Flag & Pole pattern formation can be seen. Closure above 18000 approx may trigger a new Bull run (Target approx 29000).
5) M-pattern formation can also be seen. Closure below 16000-15500 may trigger further downtrend (Target approx 13000).
2) Currently trading on Trendline Support around 16000.
3) Also, having subsequent RSI support as of now.
4) Flag & Pole pattern formation can be seen. Closure above 18000 approx may trigger a new Bull run (Target approx 29000).
5) M-pattern formation can also be seen. Closure below 16000-15500 may trigger further downtrend (Target approx 13000).
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