Nifty in a flag

Nifty has been in a flag pattern the last few months. Since the beginning of 2021 it has been in this downward sloping flag.

This is a bullish pattern and there is a high probability we will break out from this flag. But till that happens we can keep oscillating inside. A breakout will give a huge move and could take the Nifty to 17000-18000 levels.

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