Please be cautious at these levels of Nifty.
Nifty has broken the rising wedge today. Below Today’s low, we might see fast sell-off again which already happened in the Past.
Chart is below for the reference
2 Hourly Chart –
Now interesting to see weekly chart of nifty-
Channel Resistance+ Negative Diversion(Not completed yet) + Bearish ABCD Pattern at the resistance level. If nifty goes below the last week low of 10323.95 or closes below 10392.80 levels, then it will be a bearish signal.
WEEKLY CHART –
So at this time please be cautious and imp is this week closing…
Its a sell on rise market or sell below today’s low for short-term Targets of 10200-10100
Learning Here – Wedge Pattern + RSI Negative Diversion+ Bearish ABCD Pattern
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