abhishek_sh4

rising wedge on daily time frame

NSE:NIFTY   Nifty 50 Index
formation of rising wedge pattern: Bearish

Also marked ABC Wave. : prob. completion of wave

There might be some sideway move for some weeks.

Only below 11000, we will see targets for 10000,

11000 might give some support.

Fundamental Data to support this rising wedge .

GDP Data: Bearish
Border Tension: Bearish
Pandemic: Bearish
Comment: Nifty is near our First target. (11057)
Trade active: First target of 11057 achieved, 11500-11600 can be the next S/R.

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