Am I the only one who sees the bearish sign in banknifty? Price action if forming a rising wedge pattern in banknifty. Rising wedge is a bearish pattern. It starts with widening bottom and as price moves higher the range narrows. But we dont have the confirmation for trend reversal yet.
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Move sideways, then fall. Will it be the plan of bank nifty?
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No, no, dont think price is going up!
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Is it falling?
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Extend the trend line and see how far banknifty is falling!
