Nifty is forming a rising wedge formation which is a sign of back to normal phase of markets,
crackdown might be edging around the corner.
if you have any queries regarding above idea or any other stock feel free to D'M
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This pattern important role in the breakout to the downside (Some analysts believe that increased volume is not all that important).We always consider the strength or weakness of volume as being the "straw that stirs the drink."
Let see what will happen here minutely and something we can conclude.
How can we trade descending triangles?
Let's check below will...
Nifty gave up all the gains that it had made and eventually broke 10600 to make an intra day low of 10585. Hence with this setup it is advisable to sell nifty on rise and there is a high probability that it will break today's low tomorrow.
A dilemma to this is that a lot of supports lie in this 10510-10570 range and hence there is a...
can take 2-3 weeks to show a negative candle.
if candle close below the 1.36538 than go short .
profit and stop loss targets are given in the chart.
it will be a long term trade.
Good Morning, everyone
Yesterday, DJI tanked more than 2%.
the main participant was Aapl (apple -> news related to lower sales number).
we will see the effect of that in over markets.
go short for today's day(no long position in any companies).
Best of luck.
