shubham_khan

Nifty Wedge Breakdown

Short
NSE:NIFTY   Nifty 50 Index
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Comments

@Learner_Nick , Bro my Nifty analysis tell me 11000 is strong resistance. And there nothing is incorrectly drawn, This is just my view and analysis. You can do your best.
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Learner_Nick shubham_khan
@shubham_khan, yeah don't deny the resistance part. But was highlighting the fact that the big breakdown can only be confirmed once it goes below the lower trend line of major wedge.
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or you have drawn it for the shorter term uptrend from 9580. For the larger uptrend from March lows, it is still within wedge
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Wedge is incorrectly drawn. It hasn’t broken wedge, rather have just dropped back into it from top. Bottom trend line around 10440
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