NIFTY WEEKLY ANALYSIS (17/7/21)

Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900
This week the nifty closed at ATH and managed to close at upper levels.
Making small momentum candles (can break either side, p.s. Major trend is up)
Strong support at 15300 levels
A decisive close above 16000 with a catalyst is needed to enter new territory.
This weak midcap/ Smallcap and many other stocks blasted (realty/ pharma / broking) stocks did well.