Monthly chart, NIFTY50 has formed a chart pattern that pushes the level to 21900, then probably a flag pattern to target 28000
Technical indicators: MACD is positive. RSI is near over-bought (almost 70), and may need some correction to cool down - before further upwards movement.
Support is at 19000
Technical indicators: MACD is positive. RSI is near over-bought (almost 70), and may need some correction to cool down - before further upwards movement.
Support is at 19000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.