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[Short Term]Falling Wedge Pattern In NIFTY

Índice Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Índice Nifty 50
Trend Analysis Chart Patterns Technical Indicators Falling Wedge fallingwedgepattern niftyanalysis nifty50 niftyindia niftyprediction marketanalysis
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trendanalysis chartpattern indicator fallingwedge fallingwedgepattern niftyanalysis nifty50 niftyindia niftyprediction marketanalysis
In this chart showing different possibilities of long side and short side trade positions in NIFTY. Currently it is trading in Falling wedge pattern on daily time frame. Current trend of nifty will change only if it gives breakout of resistance of inside falling wedge on daily time frame. Once breakout of this pattern possible strong upside rally in nifty upto larger falling wedge pattern resistance. Any major downside now only possible if nifty starts trading below support level.
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