$NIFTY is a no brainer in a downtrend.
However, last sessions have seen an upside push.
So the question that is bothering every one is whether the down trend is over?
Well! only time will tell whether the downtrend is over. The last swing high on 1 hour time frame is a crucial in answering this question.
If price breaks this line/zone on the upside and retests...
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Usually a breakout from the flag is in the form of continuation of the prior trend. Flags give very high risk reward ratio which means relatively small risk and high and quick profits. Remember there is always a risk.
Here breakdown can happen in up side to continue...
