hi my fellow traders . . today i came across a chart pattern falling wedge on daily and weekly charts in godrej industries, initially the stock was in uptrend following which the stock formed falling wedge on both daily and weekly charts currently the markets are in the centre of wedge . .try not to trade at these levels. . if the markets reaches 600 levels the market may return down to the lower part of wedge . .or if u wait for the breakout of upper line of wedge . .if it breaks then its going for uptrend. . ( usually a falling wedge breaks on upside - ref: technical analysis by john murphy ) if u find this idea rational useful or stupid pls do sent me u r message views are always welcome