NIFTY
Nifty is Trading very choppy for the last few days as it's in a trend correction mode.
it is forming a falling wedge pattern.
Today it can touch the lower range of the wedge and bounce from there.
the breakout level will be above the swing high of 19800, and then 19690 will become a new swing if it plays according to the level marked on the charts.
Comment your analysis on Nifty.
Keep Learning,
Happy trading.
Nifty is Trading very choppy for the last few days as it's in a trend correction mode.
it is forming a falling wedge pattern.
Today it can touch the lower range of the wedge and bounce from there.
the breakout level will be above the swing high of 19800, and then 19690 will become a new swing if it plays according to the level marked on the charts.
Comment your analysis on Nifty.
Keep Learning,
Happy trading.
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Most traders learn the stock market when their account reaches zero.
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TELEGRAM :- @Mrsanjay_p
Most traders learn the stock market when their account reaches zero.
Course link :- rb.gy/rh8ywg
superprofile.bio/tradexculture
WHATSAPP :- 8966893932
TELEGRAM :- @Mrsanjay_p
Nifty Reached and breached the falling wedge formations support line, now we have 2 scenarios
1st is the price takes the support of the daily trendline and bounces back inside the wedge range.
2nd is that the price does not hold the trendline support and breaks below the 19420 -19390 Range. it will be a small trigger for the start of a new downtrend.