Nifty uptrend likely to continue

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Nifty uptrend likely to continue

BULLISH N!hdfcifty 50 has given its closing above an imperative resistance level of 22700 on 11th April 2025 50 exponential moving average may act as a resistance level But if the market closes above the 50 exponential moving average, the rise may continue crossover may be seen between the 5 exponential moving averages and the 20 exponential moving averages in the upward direction With two moving averages, the double crossover is used when the short-term moving average crosses the long-term moving average to the upside, then a buy signal would be triggered If it happens, it would indicate a bullish trend important resistance level 23050