NIFTY 50 on a MAJOR AREA ( 22000 or 14000)
We can see a clear pattern formation.
Its a Descending Broadening Wedge.
Normally Its a Continuation pattern that means earlier market made a top on 18600 and now if price will break this wedge again it will continue the bull rally.
Still there are chances of failure of this pattern.
Its a Descending Broadening Wedge.
Normally Its a Continuation pattern that means earlier market made a top on 18600 and now if price will break this wedge again it will continue the bull rally.
Still there are chances of failure of this pattern.
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