Nifty all set to form a new All Time High?

NSE:NIFTY   Nifty 50 Index
Nifty on the logarithmic chart, seems to be in a strong long term trend. The previous correction, which undoubtedly instilled fear in the minds of almost all investors evidently appears to be so small & relatively weak as it failed to touch the previous all time high. This insinuates that Nifty is headed to form a new High!

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