Nifty has formed a expanding wedge pattern since Jan'21.
It has rejected lower support trendline 4 time.
Recent rejection took place with support from 200 EMA.
We will not get bearish unless lower trendline gets broken.
With future events that are about to take place as Budget, Q1 Results, Election results, etc, we can expect an upward move as well if things goes positive and vice versa.
If nifty starts moving up, we can expect targets > 19000 in future.
Please like and share. Comment below your views and ideas too.
Disclaimer: This is an educational idea. I am not sebi registered analyst so its not a recommendation.
It has rejected lower support trendline 4 time.
Recent rejection took place with support from 200 EMA.
We will not get bearish unless lower trendline gets broken.
With future events that are about to take place as Budget, Q1 Results, Election results, etc, we can expect an upward move as well if things goes positive and vice versa.
If nifty starts moving up, we can expect targets > 19000 in future.
Please like and share. Comment below your views and ideas too.
Disclaimer: This is an educational idea. I am not sebi registered analyst so its not a recommendation.