If Nifty closes Bullish today with an O=L candle, it would signal that buying is back.
Nifty has been consolidating in this range since it formed a last high in Jul-25.
Today if we have a Bullish close, look for a W type pattern on the 1H chart which if broken will give a confirmation of resumption of Bullish trend.
Those looking for swing entries can then build long position for Target of 25,800 as a first target.
Nifty is poised to hit 26,300 level in the near term.
Nifty has been consolidating in this range since it formed a last high in Jul-25.
Today if we have a Bullish close, look for a W type pattern on the 1H chart which if broken will give a confirmation of resumption of Bullish trend.
Those looking for swing entries can then build long position for Target of 25,800 as a first target.
Nifty is poised to hit 26,300 level in the near term.
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