Karthik_Dhandapani

Nifty Weekly Analysis

Long
NSE:NIFTY   Nifty 50 Index
Now Nifty forms a Descending Broadening Wedge pattern and also near to key zone which is the previous level of support and resistance its took support in this level but still its doesn't took a pattern support my assumption is

1. Took Key Level support and Give a pattern breakout
2. Took key level support and also took pattern support and then the market turned into bullish mode
3. Rare possibilities are its broke the key level + pattern low line then the market goes into the sell zone
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