HEROMOTOCO Rising Wedge + Inside Bar SetupHEROMOTOCO on daily time frame is contracting along a rising wedge pattern which is almost about to breakout.
Combined with the bearish pinbar candle formed suggest a break of the high or low will give a good move.
Long above 2431
Short below 2369
Fixed target: 1% (or the nearest S/R)
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Rising Wedge
NIFTY might fall in the coming days.Considering 3 patterns Rising Wedge, Bollinger Band and MACD it looks the NIFTY and the whole Indian Market might collapse.
Rising Wedge - The chart clearly shows a rising wedge a break from that too. So knowing rising wedge, it looks like the market might fall in the coming days.
MACD - The signal and the MACD line seem too stuck to each and considering the already falling pattern, the line might cross over for a fall.
Bollinger Band - The mean line seems to have lost the grip of the candles. If it does happen get a grip it still seems like a falling pattern.
It would interesting to see what happens on 18/05/2020.






















