Medium term view - NIFTY : All-time-high
The resistance has been passed, the trend becomes positive as we now have a succession of ascending peaks and troughs.The next target is at 13,570.00 pts. The invalidation level is below 10,917.00 pts.Arguments :
- Prices made a new all-time-high, this confirms the strength of the trend.
- The moving average is supporting prices.
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