CHART-IV
- Nifty has filled a GAP between 5330 - 5348 which was created in June when the up move from 5195 started.
CHART-III
- Support line of the wedge is broken and price has filled a GAP in chart shown in the above chart.
CHART-II
- Price continue to remain inside the wedge.
- Breaking the support line will extend correction. If price gets support here we might see an up move.
CHART-I
- Nifty spot in a falling wedge like pattern.
- Breakout above the resistance line can give good up move for bulls.
- For bears the dotted line and the support line of the wedge should be broken.
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