NIFTY 50 on a MAJOR AREA ( 22000 or 14000)

Nifty 50 IndexNSE

Description

⋅ Aug 13, 2022 1:37 PM

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.

Comments

VivekGolchha

⋅ Aug 15, 2022 2:54 AM

Smooth Explanation and quite lucid to understand....