The recent breakout from the short term squeeze has almost reached its expected targets around 17700 for the week - Tradebulls Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/8b4515a428bcba672ec486ade4569847.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
The recent breakout from the short term squeeze has almost reached its expected targets around 17700 for the week. While the flag formation initial targets are placed in the zone of 17840-17990. Despite being hovering within the overbought zone the index further signs of incremental strength as its RSI breached above its previous swing high while ADX continues to trend higher without any signs of exhaustion. Ideally the expansion & a possible continuation pattern / flag formation targets should be met on time. Breach below 17170 would distort the short term momentum while the base seems elevated towards 17380. Pattern targets on the higher side remains progressing higher towards 18000 (Upper end of rising Channel) which remain valid until 17170 holds for the coming weeks ahead.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.tradebulls.in/Static/Disclaimer.aspx
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Choice Broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FPI.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bhavish Aggarwal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Vaishali_Jainam.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/power07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Infrastructure3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/202407063184407.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/f78eecd0767cd44deccdf53b16a30566.jpg)
Breakdown below 18360 accelerated the ongoing downtrend during the week below the expected p...
![Nifty opened with an upward gap but witnessed selling from the opening tick to end negative - Jainam Share Consultants](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/88fb8efb0251fceecb30439c5674b26d.jpg)
![The Nifty gained 121 points or 0.8% to settle at 14618 In the coming session - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/e3e20c0e493e2879799f48b1671bffa4.jpg)
![Morning market quote : With the ground war in Gaza intensifying, the uncertainty surrounding the West Asian crisis is at its peak Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/Broker_88.jpg)