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.
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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.