Nifty Symmertrical Wedge

NSE:NIFTY   Nifty 50 Index
Nifty has formed symmetrical wedge pattern on hourly chart. Tomorrow's range will be 1/3 of the base of wedge which is an ideal situation for either side breakout. 11790-11800 is the higher resistance zone and 11700 is the lower support. Height of the base is approx. 260 points. You can add or deduct 260 points to obtain target after breakout from the pattern. SL will be 11740 for sell position and 11750 for buy position.


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