Falling wedge formation
Hello there i hope you all are doing great☺️
Just know I see a falling wedge being formed up
As in the morning I was of the view of shorting the nifty at 16210 for a traget of 16080 which is quiet achieved!
But know I see a falling wedge being formed up which is a clear signal or bullish trend so I will closely watch for if falling wedge breaks down then a reversal might be seen and will take nifty to the levels of 16210 which is quiet crucial level and if nifty breaks that level then nifty might try to go for 16400
Just know I see a falling wedge being formed up
As in the morning I was of the view of shorting the nifty at 16210 for a traget of 16080 which is quiet achieved!
But know I see a falling wedge being formed up which is a clear signal or bullish trend so I will closely watch for if falling wedge breaks down then a reversal might be seen and will take nifty to the levels of 16210 which is quiet crucial level and if nifty breaks that level then nifty might try to go for 16400
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