Nifty: The Rising Wedge Pullback

Notes on the chart.
Enjoy the weekend.
Regards

Comment:

Comment:

The wedge broke with a gap and is sliding down. Its oversold in the current situation, we might see some recovery in the afternoon if the marked level is breached.
But strategy would be the same, sell the pullups. Targets intact.

Comment:

The wedge target is done @11455

Comment:

What I see on the lower tf is a cypher pattern completion near today's low.

Which means if we recover from this point, possible targets could be 11494 and 11515-535 zone. Any weakness in these areas would attract fresh shorts.

If in the morning we Dive down from today's low, target will be 11300 zone.

All the best for this tough week.

Comment:

Exactly 50 points away from our target.
Till then I ll sell on rallies.

Comment:

Quite fast journey from 11580 till 11300.
Enjoy.

Trade closed: target reached:

11305..consider it a hit.