Nifty50 has given a breakout of previous swing High Which is also a All time High.
ABCD Pattern Activated above 19991. The Next Target on Upside is 20466 which is also the PRZ(Potential Reversal Zone) Area.
Resistance For Next Week is 20500.
Support For Next Week is 19600.
Short Level for next week is only below 19800 for the Targets of 19700/19600.
Verdict: Sideways to Upside Move.
ABCD Pattern Activated above 19991. The Next Target on Upside is 20466 which is also the PRZ(Potential Reversal Zone) Area.
Resistance For Next Week is 20500.
Support For Next Week is 19600.
Short Level for next week is only below 19800 for the Targets of 19700/19600.
Verdict: Sideways to Upside Move.