Bearish Wedge | Bank Nifty | make it or break it
Hey All,
this is Gopal again, as you can see market is trying the break 43400 level but unable as insiders are trying to attract buyers and taking it down and further doing the same, looking at the wicks, it looks like it. Now market is forming a bearish wedge pattern in 15 mins candles. lets see it it makes it or break it. It there is big long candle in upward move then it can bypass the sellers and may hit their SLs and we may see a short covering and it may take market to 43500-600 level.
this is Gopal again, as you can see market is trying the break 43400 level but unable as insiders are trying to attract buyers and taking it down and further doing the same, looking at the wicks, it looks like it. Now market is forming a bearish wedge pattern in 15 mins candles. lets see it it makes it or break it. It there is big long candle in upward move then it can bypass the sellers and may hit their SLs and we may see a short covering and it may take market to 43500-600 level.