Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, May 19, 2020

Downtrend In Nifty Resumes

Daily Chart

The Nifty formed a bearish Rising Wedge in the bounce after the crash.A confirmation of the downtrend resuming is evident from a Lower high and Lower Low being formed after breaking down from the Rising Wedge.

The Rising Wedge  has a technical target of 7155.

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 Happy Trading !!

Lakshmi Ramachandran 

1 comment:

nath said...

how is target of 7155 arrived at