Nifty has multiple possibilities

INVERTED HEAD AND SHOULDERS

DESCENDING BROADENING WEDGE

MOVING AVERAGE

• Nifty has multiple choices how it want's to move up.
• First it the inverted head and shoulders break out.
• Then the descending broadening wedge which gave a false break down has now given an upside break out with good volumes
• Then after spending sometime below the 200 day moving average has now closed above 200 and 50 day moving average.
• So for the short term all possibilities are pointing upwards but different targets.