Week close on 17866* * Doji on Daily chart ,strong bullish candles on monthly and weekly. * Monthly Flag BO under construction. * Bollinger Band Resistance on Daily around 18K and more room to run on weekly and monthly chart. * A strong Trendline BO. Outlook for next week Neutral to bullish. Outlook for monthly Bullish . S1: 17500 S2: 17250 S3: 16950 R1: 18000 R2: 18400 R3: 18600
A big short squeeze expected if we get daily close above 18000. Nifty IT is rising from grave can support the next move up.