Bearish ascending wedge pattern in NIFTY 50

2020년 4월 21일

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Chart wise, it is fast approaching the edge of the wedge and it can either rebound from the lower channel or breaks down and heads further south. I think a stronger pull back is necessary for now.

2020년 4월 28일

노트

Don't underestimate the channel. You can still make thousands of dollars if you know how to trade this pattern. Let's see what happens next.

2020년 5월 11일

노트

bloomberg.com/news/articles/2020-05-10/india-reopens-economy-but-millions-of-workers-stay-home?srnd=premium-asia

if you extend the wedge pattern, you can see the price has already turn bearish on 4 May 1145 hours.

2020년 5월 28일

노트

cnbc.com/2020/05/28/india-jan-march-gdp-coronavirus.html