Nifty On Upside On Daily Chart

28 Tem

This is the daily timeframe chart of Nifty where Nifty50, and Indian index stayed in consolidation for almost and month, and now, after the breakout, it is ready to balloon as the recent candle (at the time of publishing this idea has formed a full strong green candle which indicates a positive momentum in the index.

However, any rally without corrections seems to be unhealthy as the market might not digest the rally and calm down such movement.