dear all,
look satyam chart ..breaking accending/rising wedge...as per my knowledge ..........accending wedges are reaction formations appears in down trends and and they are generally traps. Volume is a very important parameter to identify rising wedges. It decreases while the prices are going up and shows the weakness of the rising attempt. When the prices break down the bottom line, a selling crazy may start. So, it is required to be careful for this kind of formation. ...SENIOR MEMBERS PLS GUIDE ME IF I AM WRONG,,,,THANKS