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Nifty

Breakout from this classic triangular formation provides a likely time target for the wave to complete its up move. Ideally it’s been observed that the unlocked move completes its up move within the apex zone. Hence its ideal to retain your aggressive directional longs at least for a week from hereon to optimize on the opportunity presented. Incase if the index fails to sustain above this elevated support zone near 14850 during this week it may result into a massive pattern failure. Until then traders should continue to focus on adding longs as the index is expected to scale towards 15400-15600 during the week; while 14850 remains a vital support for gauging the health of ongoing bull trend.

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