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OK_Rane
Feb 1, 2022 4:59 PM

Trend Reversal- Wedge Pattern Long

Nifty 50 IndexNSE

Description

After a down fall of last week, Nifty taken a support on extended trend line of previous downward channel and consolidated for last 4 sessions. Today, it given a breakout of wedge pattern. It is a reversal pattern.
Short term view of next 4-5 session suggests, nifty to move at 18000 level.
consider, 17450 as support
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