bhanwarlalbhatichennai

nifty clear to me

NSE:NIFTY   Nifty 50 Index
NIFTY
the pattern shows a rising wedge over here and i have drawn some resistance and support lines which i tracked from 2017 when the market was bullish
now coming to my point unless nifty breaks the level of 9600 we can see side ways market or a down fall again
many expecting 6000 level but i don't that i will or not for now i know that if nifty don't hold the 9300 point then we can see again 8500,8000 lvl again .
now the rising wedge is bearish pattern so i am saying that unless this breaks the 9600 it is bearish mode ....
even my mind thinks of that is time the fall was lower time and the wedge takes a longer time now this is clearly it's up to the buyers and sellers to see were they take the market
as of now many are trading with fear and some with confidence lets see what happens
Comment:
as expected the price closed below 9300 and little bit breaked wedge support
and a hanging man candle made in the daily chart now lets watch what happens
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