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kartik_subramanian

Bearish wedge breakdown

Short
Nifty 50 Index (NSE:NIFTY)  
kartik_subramanian Updated   
NSE:NIFTY   Nifty 50 Index
Chart Patterns
2
0
chartpattern
On the hourly time frame Nifty is forming a bearish wedge, it could correct and test the previous breakout levels of 14950 before heading higher. 14950 is also near the 20 DMA, so a possible test of this level in the coming week seems likely.

View invalid above 15500.

Supports after breakdown come in at 15200, 15100 and 14950.
Trade closed: stop reached:
Nifty trading above 15500 hence above view invalidated
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