The Nifty50 reclaimed its record high of 18,604 at last after more than 13 months, continuing an uptrend for the fifth straight session on November 28 and maintained higher highs for the fourth session in a row.
There was also a breakout of long, slightly downward sloping resistance trendline adjoining October 19, 2021 and November 25, 2022. On a weekly basis, it has consistently maintained higher high formation for seventh consecutive week.