A big question here, the channel top is almost reached if it reverses from here in next 1-2 weeks, it can fall sharply. Any small down-move can create a negative divergence too that will support the downfall.
If this happens, we will be witnessing a beast bull, a brutal bull run, lets wait and watch for next few weeks (though this week will be a short-term upmove in USDINR)
If this happens, we will be witnessing a beast bull, a brutal bull run, lets wait and watch for next few weeks (though this week will be a short-term upmove in USDINR)
Trade closed: target reached:
You may see it yourself, analysis stayed on point and hence nifty rallied