savneetster

savneetster

well, seems like the bull is about to take a rest. I spotted, what seems like, an under-formation rising wedge pattern in NIFTY in weekly time frame . rising wedgw is a bearish pattern. (google it for more information) However, the lower trendline is not yet valid and so the pattern is not valid yet. but retail traders need to exercise extreme caution here.

savneetster

just found a cup and handle patteren in monthly timeframe. if it broke out, it should go a little above 1000 rs. if the price reversed from resistance. it should fall back to 450 levels. do your own analysis before jumping in.