Nifty forming a Rising Wedge pattern
Let me know your views.
Nifty seems to be forming a perfect wedge pattern in the daily log scale chart. A few more gasps before breaking down.
Nifty seems to be forming a perfect wedge pattern in the daily log scale chart. A few more gasps before breaking down.
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Nifty did not break the wedge pattern today. Expecting an upside tomorrow - can go above 10950 before it retraces again. Its coming very close to the apex and a breakout closer to the apex is usually not very strong.
This idea is for information only!
Mitesh
Mitesh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
This idea is for information only!
Mitesh
Mitesh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.