TheDigitalStonks

SENSEX rally finally coming to an end?

Short
BSE:SENSEX   S&P BSE Sensex Index
See the reaction at the lower line on the rising wedge . Once we break down we have two targets on the chart. A better entry could be the top of the wedge if you would like to sweeten the Risk-Reward ratio. I believe we will make a lower low. This rally doesn't make much sense and at these levels, I much rather be sitting in cash rather than hoping that the bubble will go on.
Comment: Sensex hit the top of the rising wedge. Now against major resistance. Very nice risk-reward as I said and it retraced exactly from the top of the wedge.
Comment: Once again top of the wedge
Trade closed: stop reached: Money printer go Brrrrrrrrrr