Hello fellow traders in India, I did TA on NIfty
chart and it doesn't look good. Overall the whole price action is constrained within a rising wedge
which is a bearish pattern
suggesting a major reversal is coming . On the weekly chart i am seeing a Head and Shoulder pattern which really adds to the bearish
bias and tell that the top for the uptrend has been made.
Unless we break above the head of this head and shoulder, this analysis will remain active.
I have charted the top 10 coins of Sensex also. Comment below if you want me to post them as well.
I'll really appreciate if you would leave a like.