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.
Example of a bearish Wedge Breakout
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