AbhishekHSinghCMT

Nifty - Rising Wedge Sell Only Below 15680 ( Target - 15460)

Short
NSE:NIFTY   Nifty 50 Index
Sell only below 15700 & 15680 which is required as confirmation levels for the trade to be active & downside we expect 15460 as target. Thanks
Comment: 12:34 Hrs / 9th June 2021
Last @ 15788
Day High @ 15800
Risky Traders
Till Index remains below 15800 – It hints that structure is complete & selling can be seen next but always keep in mind key/critical level to break – 15700 / 15680
Going above 15800 – Structure will need some more time

Index could be close to the top in the structure completing the wedge but confirmation is required to sell.
Safe Traders
Selling confirmation comes only below 15680-15700 zone
Comment: 12:37 Hrs / 9th June 2021

Last @ 15781

Snapshot - Careful Below 15800 ----------Going above 15800 - Index will need some more time

https://s3.tradingview.com/snapshots/v/v...

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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