Another new ATH for NIFTY but will it sustain..?

Apr 8

As we can see NIFTY made another ATH back to back after breaking out of an inverted head and shoulder pattern, we also saw a new ATH for BANKNIFTY as analysed in our previous post. Now BANKNIFTY has formed more like an indecision cancel and NIFTY closed at important zone followed by a rising wedge pattern which is also a bearish pattern hence any break of the pattern below could lead to a big fall or rise of a new trend so plan your trades accordingly.