NIFTY crosses the 78.6 percent of decline with ease.

Rally started from the lml (lower median line )
crossess the median line with ease.
crosses the uml of the pitchfork with ease.
now about to touch the intermediate line between uml and warning line 1(shown in the chart)
whuch is around 18030.
if crosses that it may touch 18350 which is at warning line 1.
some correction is overdue let us see if nifty is going to touch 18350.
this is almost one way rally.appears to be wave 3 or z of another x.
nothing goes up or down in a straight line.
Nature of correction of this rally will tell whether it is bear market rally
or indeed start of another bull run.
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