Bearish ascending wedge pattern in NIFTY 50

21 Nis 2020

Read latest news here

Chart wise, it is fast approaching the edge of the wedge and it can either rebound from the lower channel or breaks down and heads further south. I think a stronger pull back is necessary for now.

28 Nis 2020

Not

Don't underestimate the channel. You can still make thousands of dollars if you know how to trade this pattern. Let's see what happens next.

11 May 2020

Not

bloomberg.com/news/articles/2020-05-10/india-reopens-economy-but-millions-of-workers-stay-home?srnd=premium-asia

if you extend the wedge pattern, you can see the price has already turn bearish on 4 May 1145 hours.

28 May 2020

Not

cnbc.com/2020/05/28/india-jan-march-gdp-coronavirus.html