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Nifty breakout

Nifty is currently in a Megaphone Pattern, There is a possibility of nifty reaching the resistance points, but due to recession factors in the world, There is a possibility of a reversal too. Be cautious. Some of the points are been mentioned here as the resistance and support points with the pivot point for changing
Nota
Nifty following the pattern, stay cautious for the q3
Nota
Nifty broke resistance 2 but market is under extreme greed, the market could retrace back to 18100 due to russian oil cap
Nota
Nifty is going through market cooldown phase. Resistance 2 could be touched in a few days.
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Chart PatternsTechnical Indicatorslongsetupnifty50niftytrendTrend Analysis
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