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Nifty-Micro Analysis of 5 Days Intra Day Chart


Just click on chart for its enlarged view

Main features are as follows

1- Water-Fall(Bullish) pattern in last 4 sessions
2- Last 4 sessions down moves are in falling Channel

Channel break out will give first indication of next strong move. As Water-Fall(Bullish) pattern formations in last 4 sessions therefore rally expected after upside break out.