Get started
TradeCentral_IN

NIFTY seem to be forming rising wedge - downside risk ahead

Short
Nifty 50 Index (NSE:NIFTY)  
TradeCentral_IN  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Wedge niftytrend
0
0
trendanalysis chartpattern wedgepattern niftytrend
NIFTY seem to be forming rising wedge and last touchpoint on the upside seem to be pending which is around 21900/22000 zone. Once we hit it, chances are NIFTY will go down from there for a decent correction.

Don't be aggressively long from here on and tread cautiously.
Be a Better Trader!

Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.