Adani Port Rising Wedge

Adani Port after a decent uptrend from 250 to 380 levels has made a Rising Wedge pattern at the Top with RSI (14) negative diversion.

Sell Below 370 levels for possible for Target of 335

Learning – Rising Wedge Pattern & Negative Diversion

Rising wedge is a bearish pattern that begins wide at the bottom and contracts as the prices move high and the trading range narrows. The slope of the rising wedge is up but 

The chart is below for your reference.

Adani Port Daily Chart
Ultratech Cement Daily Chart

Example of a bearish Wedge Breakout