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KumarMitesh
Jul 12, 2020 8:54 PM

Nifty forming a Rising Wedge pattern Short

Nifty 50 IndexNSE

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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.

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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.
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