FALLING WEDGE

NIFTY DAILY

The above chart is E.O.D. NIFTY chart, which shows falling wedge pattern is in making. Falling wedge is bullish pattern, i.e. suggests possibility of continuation of  long term up trend. This possibility will be confirmed once NIFTY gives daily close above trend line 1.

 NOTE : - At the same time if it gives daily close below trend line 2, this view will get negated. ( i.e. if it gives daily close below trend line 2, it will be pattern failure ).

 SO LONG TERM INVESTORS CAN BUY TILL NIFTY IS TRADING WITHIN THE FALLING WEDGE ( BETWEEN TWO TREND LINES ) WITH STOP LOSS CLOSE BELOW TREND LINE 2. 

ONCE NIFTY GIVES DAILY CLOSE ABOVE TREND LINE 1, TRAIL ( SHIFT THIS STOP LOSS TO DAILY CLOSE BELOW TREND LINE 1, SO THAT CHANCES OF LOSS WILL BECOME ZERO.

 DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.