Time for Nifty to fall?

deadbrain

Well-Known Member
#1
If you look at the picture below, doesn't it convey it is time for Nifty to move down as it is forming a Rising Wedge Pattern for Reversal. The pattern shows Nifty's trade is contained within the converging slopes of resistance and support levels and volumes are declining as well


I would appreciate others' advices though!



Thankx
 

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deadbrain

Well-Known Member
#2
..........and the trend seems to have started today.
 

simple_trader

Well-Known Member
#4
..........and the trend seems to have started today.
A few days back I saw one post saying that we have made reversal today. I was wondering then, as that day NF made higher high and higher low candle compare to previous day. :)

Today we have made insider day. confusion!! no confirmation as yet.
 

deadbrain

Well-Known Member
#5
............And here comes the confirmation today!!:)



My next call will be to long JP Associates at CMP for a target of 130..........in few trading sessions (If market sustains of course).
 
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MurAtt

Well-Known Member
#6
If we have a reversal .. then how would you expect market to consolidate or sustain :eek:

contradictory statement ....
 

deadbrain

Well-Known Member
#7
Precisely why i said (only if it sustains)........

It is markets that make the graphs happen.....Graphs do not make the markets happen
 

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