I have been mentioning levels of 4350-4380 as crucial supports, since 15 days.three times in last 2 weeks, bears tried their best to control the markets n bring it below these levels, but supports were so strong, that bulls ultimately, succeded in moving nifty past 4424 first and than gave a decisive close above 4494...even this resistance level worked so nicely three times.
NOW WHAT ??? a close above 4619, will definitely confirm that markets have discounted,bad rains.and nifty will hit the tgts of 4830..and than 5190.
AS i had posted chart patterns...which are BULLISH CONTINUATION PATTERNS in major pivotals......if in coming days...these patterns confirm break-outs on the upside..5190 will not be a DREAM ANY MORE.
but, readers must remember, that BREAKOUTS ARE IMPORTANT.
I had also posted lot of charts with buy calls on WEEKLY charts, as per my trading system..time will tell us how they perform.
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