Nifty ready for 16000.

Nifty did breakout of the triangle and retested it successfully.

As suggested in my previous idea. Nifty was buy once it went above the trend line.

Today it closed with good bullish candle indicating that it is ready for the bull run.

Today’s candle formation depicts the strong bullish sentiment.

Hence in coming days Nifty will hit the 16000 mark.

But their are few resistance levels(Red lines) as marked on the chart which will slow down the uptrend rally.

As per my analysis 16000 is on the chart in next coming days.

Stay safe & Trade safe.

Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before taking any trade.