Nifty was trading in a Wedge pattern last month but this month's gap up opening above the pattern on weekly chart indicates some more upside from here if nifty holds the upper trend line of the pattern.
I must admit here that I was looking for a fall last month from this rising wedge but it did not happen and Nifty opened gap up and managed close the weekly candle above it last week meaning it still has a strength.
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