Nifty 50 IndexShort
Bearish wedge breakdown
Updated
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.
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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