Wealthcam

Is NIFTY ready for new rally..?

NSE:NIFTY   Nifty 50 Index
As we can see BANKNIFTY showed one sided rally for over 400 points after opening up strong and looks like its time for nifty to move!

in bigger time frame we can see more like an inverted head and shoulders pattern and the neckline being the resistance which previously acted as a strong support and hence a better entry would be if Nifty breaks the pattern above and re-tests the neckline for confirmation of bull run

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