Another new ATH for NIFTY but will it sustain..?

As we can see NIFTY made another ATH back to back after breaking out of an inverted head and shoulder pattern, we also saw a new ATH for BANKNIFTY as analysed in our previous post. Now BANKNIFTY has formed more like an indecision cancel and NIFTY closed at important zone followed by a rising wedge pattern which is also a bearish pattern hence any break of the pattern below could lead to a big fall or rise of a new trend so plan your trades accordingly.