Concor - At resistance, Raising wedge is the worry
Price reached the resistance levels exactly and closed with small rejection. As Nifty is looking positive we can expect this to break this levels and move further up towards the resistance after retest or without retesting.
The only worry in this chart is the raising wedge pattern which is formed and exactly ending at the previous resistance levels. Will the price fall? according to the pattern !!!! Lets see :)
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The only worry in this chart is the raising wedge pattern which is formed and exactly ending at the previous resistance levels. Will the price fall? according to the pattern !!!! Lets see :)
If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button,
Your Support is very much 🙏 appreciated!
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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.