NIFTY BROKE OUT OF RECTANGLE PATTERN & REACHED TARGET

15. Jan.

1. RECTANGLE PATTERN BREAKOUT WITH GAP-UP :
   
   Market broke out of previous rectangle pattern with a solid gap-up which indicated strong bullish momentum
   
   
2. REVERSAL FROM 100D SMA :
   
   Market also reversed from 100D SMA on 1-hour chart which also made it a strong signal
   
   
3. VOLUME SURGE :
   
   Alongwith gap-up opening volume also surged on 1-hour timeframe which also indicated very strong momentum behind it
   
   
4. MACD BULLISH CROSSOVER :
   
   MACD also made bullish crossover at sufficient angle (neither too steep nor too low) which gave even more positive confirmation