GoodluckCapital

The Previous Downtrend + A Rising Wedge = ?

NSE:NIFTY   Nifty 50 Index
Nifty has done Rising Wedge formation.

Rising Wedge is a bearish continutaion pattern.

The previous Downtrend + A Rising Wedge = Possible Downside Breakout.

Caution: avoid trading until the breakout is confirmed.

Comments

the caution was not looked by nifty at opening nifty up , 9261 by 261 points ,

pls rework and revise :
Reply
@vikasseth, You are too early to comment. Our view is exactly the same as we hold. We short the Nifty at Rising Wedge resistance 9300. Stoploss above 9500. Target open.
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vikasseth GoodluckCapital
@GoodluckCapital,
That's Very Good,
Send your screen shot of Nifty short st 9300 pls,

Target open.
Reply
@vikasseth,

Dear Sir, most of the screenshots in social media and messengers are forged and fake.
If the complete analysis before market opening didn't gain your trust, a mere screenshoot will never do so.

You are still invited to check our tweeter handle @CapitalGoodluck and our website Performance page.

Note: The original post was never given as a recommendation. We trade it on our own risk.
All our recommendations are clear and crisp, mentioning exact Extry, Exit and Holding Period.
e.g check our last recommendation is here

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