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vanathi
Jun 8, 2017 3:11 AM

Rising wedge in Bank Nifty! 

Nifty Bank IndexNSE

Description

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!
Comments
Thamil
madam watch HDFCBANK, i think it will take banknifty upside
vanathi
@Thamil, May be, will see...
VKB
being a bull i am seing POLE & FLAG.....
vanathi
@VKB, Will the bill flag has narrow range?
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