Can nifty cross 18000 in January 2022 ?

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Nifty corrected almost 11% from it's recent highs which mainly happened due to continuous FII selling for last 03 months.

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Nifty brock it's 1.5 years old trend line from 01st April 2020 on 22nd November 2021

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Nifty went on a downtrend from recent high on 19th October 2021 to 20th December 2021 and Made a low of 16410.

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Bulls are trying to make a comeback on Nifty after the recent low of 16410.

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Nifty is showing a Bullish trend on the chart.

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If the trend continues we can expect it to cross 18000 mark within next 15 trading seasons.

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On the hourly chart the 17600 Shows a high resistance level and RSI is at 75 so once 17600 is crossed their is no resistance until 18000

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We can see Nifty touch new All time high till the end of this Fiscal year.

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