The Nifty is on the cusp of a potential breakout from a Symmetrical Triangle pattern on the daily charts — a formation that typically signals a strong directional move. The index continues to trade above both its short-term and long-term moving averages, which have begun to slope upward, offering a bullish undertone to the market’s technical setup.With momentum indicators also turning constructive, domestic brokerage firm Motilal Oswal has highlighted its top three picks, based on the technical outlook, that traders can keep on their radar.
The Nifty is on the cusp of a potential breakout from a Symmetrical Triangle pattern on the daily charts — a formation that typically signals a strong directional move. The index continues to trade above both its short-term and long-term moving averages, which have begun to slope upward, offering a bullish undertone to the market’s technical setup.With momentum indicators also turning constructive, domestic brokerage firm Motilal Oswal has highlighted its top three picks, based on the technical outlook, that traders can keep on their radar. by Soban News (international And National News)
