Falling Wedge Pattern in NIFTY next target 15230+ after breakout

NSE:NIFTY   Nifty 50 Index
In the last 2-3 trading session NIFTY trading in a downtrend and its formed a falling wedge pattern. Still, it does not give this pattern breakout but if but nifty open with gap up this breakout will happen and possible we will get next target 15175 and 15230+ in the upcoming trading session. 15175-15195 will act as major resistance to reach the final target.
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+3 Reply
Great !
I hold a similar view : if the Nifty sustains gap and remains above 15050 and 15080 for the first hour , then 15175;and 15246:is possible . Failure to hold above 15080;can start a down trend to 14943 and 14862
very nice analysis
very nice trading👌👌
Good finding A bit doubtful about breakout though as Wedge retraced 50% of rally post budget. Have to wait and watch for now.
Srini_blore Niftydirection
@Niftydirection, exactly
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