NIFTY50 index positional analysis

٢٨ مايو ٢٠٢٣

I am highly bullish on NIFTY50 index as it has formed a bullish CUP AND HANDLE PATTERN and if it breaks above major resistances of 18500-18700 resistance zones , by breakout i mean a monthly candle closing and then a retest , if this happens I'm expecting the index to touch 20k-21k levels in the near future