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Expanding Flat pattern at the ending process. Bulls can stage back and lift nifty upward.

 Previously nifty expected pattern was Running Flat pattern.

By updated data, it appears like Expanding flat pattern in which, a and b waves are completed and wave c of corrective pattern either completed or about to complete its formation.

Once wave c of corrective pattern ends, we can witness sharp bounce back.

Long term indicators suggesting Bullish outcome this month.

Support 14150-14350.


Resistance/Targets 14800+

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com


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