December 12, 2020

NIFTY weekly charts

- trend is very clearly up
- not once did we have a lower high lower low candlestick
- and the overall breadth so far has been excellent.

- since we are at all time highs, there is no resistance
- support 13000

- note nifty is up for 6 consecutive weeks
- contribution from RELIANCE has been zero as stock has been declining for more than 6 weeks
- so what will happen if this stock starts moving up/ new highs?


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