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.


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

pls rework and revise :
@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.
vikasseth GoodluckCapital
That's Very Good,
Send your screen shot of Nifty short st 9300 pls,

Target open.

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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