RISING WEDGE pattern in bigger time frame..?
As we can see BANKNIFTY after much strength is heading towards its important trendline support followed in monthly chart. It can be seen in the form of rising wedge pattern. After much of rally, the participants are in greed which which is also a matter of caution hence aggressive LONGS should be avoided for now till the trendline above is not breached so plan your trades accordingly.
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