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Is Nifty headed higher after another all-time high? Charts show index nearing breakout

As investors and traders try to predict whether markets will give up gains, or rise further after the Nifty hitting yet another all-time high yesterday, technical analysts say the index has formed an ‘Ascending Triangle’ pattern and is on the verge of a breakout. The retracement measurement hints at potential targets of 22,500 in the Nifty.

first published: Feb 20, 2024 08:51 am