Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Friday, November 22, 2013

Rising Wedges and Classic Retest

Nifty Daily Chart

 Bank Nifty Daily Chart

 Rising wedges like the ones spotted on the Nifty and Bank Nifty commonly occur at tops and are reliable bearish reversal patterns.The bearishness is confirmed further when there is a classic retest of the support line of the wedge.

Thus identifying one early on gives the trader the much required edge to beat the market. Like we did at Vipreet's.

To get the edge and be on the right side of the market subscirbe to the Daily Analysis of Nifty and Bank Nifty.
Write to 

follow me on twitter!/lucksr

Happy Trading !!

Lakshmi Ramachandran

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