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Nifty 50 has formed a falling wedge pattern on the daily time frame, there can be 2 possibilities.

First indicating an upmove after the nifty breaks resistance level of 16760.

Second possibility being a down move because of the resistance of 200 Exponential Moving Average & It will continue the next swing in Falling Wedge Pattern.

⚠️DISCLAIMER:

No investment advice. Educational purposes only!

Please keep in mind that trading on forex market,stock market, futures and options carries a high level of risk, and may not be suitable for all traders/investors. Don’t invest an amount of money that you can’t afford to lose and I don’t encourage people to put their money in a certain market.

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Nifty 50 has formed a falling wedge pattern on the daily time frame, there can be 2 possibilities.

First indicating an upmove after the nifty breaks resistance level of 16760.

Second possibility being a down move because of the resistance of 200 Exponential Moving Average & It will continue the next swing in Falling Wedge Pattern.

⚠️DISCLAIMER:

No investment advice. Educational purposes only!

Please keep in mind that trading on forex market,stock market, futures and options carries a high level of risk, and may not be suitable for all traders/investors. Don’t invest an amount of money that you can’t afford to lose and I don’t encourage people to put their money in a certain market.