Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/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 vipreetsafetrading@gmail.com 





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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

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