Nifty Forming Pennant Pattern slowly but breakout not yet done. After Breakout there may be some pullback and the Target. Its a long journey but good for investors in SIP Mode or even for Lump sum investors at this time.
Kindly View my Previous post in the the below link. I post NIFTY 50 analysis with a target of 18000 in Feb'22 but that achieved even before.
@ranvirbagalkoti926 Sir, This analysis is to clear the confusion regarding the trend.Still Nifty in strong uptrend.Below 16700 bears will take charge but that is not possible at the moment.As last week's close was above 50 DMA still bullish continuation possible.At present for traders 17600 seems to be a strong support. Right now 17550 will be the stoploss based on Day chart