In daily chart nifty touch the 5182 third time & try to break out but it close below it ,daily momentum is strong so hope it cross it with good volume & heading to 5300-5376-5500.MACD turn +ve .
In weekly chart nifty close below the trend line last week,but in this week nifty cover all downside in single day & close above the trend line . weekly momentum change -ve to +ve & trap the bears.Nifty break the upper range of 5182 but not close above it,close above this range nifty t-5225-5300-5376.-ve divergence seen macd.
In monthly chart nifty in a range last four month ,nifty touch the 52 week high & close highest point of this year.Closing above this range nifty go into new range t- 5376-5500.
OVER ALL
Nifty close 52 week high & hope break out & t-5300-5376-5500,
IF THIS IS TRIPLE TOP I BET ON IT THAT NIFTY T- 4500-4550.
HAVE GOOD WEEK
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