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| posted earlier is still intact, if the resistance line is broken then wedge gets invalid |
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is consolidating with low volumes after reaching 317, and it is forming like a falling wedge. This wedge not yet fully developed. Which may act like a flag to the previous shooting up move with spiking volumes. If it gives break out with confirming volumes then the first target may be 317 and second target may be 365. |
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| Nifty has broken the high of the Gravestone Doji, Which again indicates strength. |
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Nifty formed a bearish Wolfe wave in spot Nifty, exited long trade taken in the morning after the break out from the channel. Short trade will get trigger below 5057 in Spot Nifty value(as the WW is formed in spot Nifty). Will again enter long if it breaks the high of the day in spot Nifty.
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