see how trend chages from one to another. from bear channel it changes to trading range where bulls and bears were similar in power. after bull breakout bulls regains control and pushed prices higher in bull channel.
possible upside target of nity. long term and short term trendline are almost meeting at the same zone. we may see resistance here. Break out of the trendline will take it higher but failing to do so we will see some correction.
Nifty halted near resistance. to continue upward journey it needs to close significantly above 11710. But todays candle is a spinning top candle which shows indecision. so we may see some correction before going upward.