Let me know your views.
Nifty seems to be forming a perfect wedge pattern in the daily log scale chart. A few more gasps before breaking down.
Nifty seems to be forming a perfect wedge pattern in the daily log scale chart. A few more gasps before breaking down.
Trade active:
Nifty did not break the wedge pattern today. Expecting an upside tomorrow - can go above 10950 before it retraces again. Its coming very close to the apex and a breakout closer to the apex is usually not very strong.
This idea is for information only!
Mitesh
Mitesh