vanathi

Rising wedge in Bank Nifty!

NSE:BANKNIFTY   NIFTY BANK
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Am I the only one who sees the bearish sign in banknifty? Price action if forming a rising wedge pattern in banknifty             . Rising wedge is a bearish pattern . It starts with widening bottom and as price moves higher the range narrows. But we dont have the confirmation for trend reversal yet.
Comment: Move sideways, then fall. Will it be the plan of bank nifty?
Comment: No, no, dont think price is going up!
Comment: Is it falling?
Comment: Extend the trend line and see how far banknifty is falling!
Trading taught me to be no one, so I can be any one. To be nothing, so I can be anything.
madam watch HDFCBANK, i think it will take banknifty upside
Reply
@Thamil, May be, will see...
Reply
being a bull i am seing POLE & FLAG.....
Reply
@VKB, Will the bill flag has narrow range?
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