Nifty broke the TL in 3rd week of April, since
then prices consolidated in range of 314 points for 5 weeks and this week gave a nice flag breakout.
Nifty
should achieve 8844 in coming 4 to 5 weeks as per Flag Pattern calculation. Pattern negation point is 7938.
Though price closed above 89MA (8111), may find resistance and retrace before start surging ahead.
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