Nifty 16294 - Ascending Broadening wedge Pattern.
An ascending broadening wedge does not mark the exhaustion of the buying current, but the sellers’ ambition to take control.
If pattern followed
Nifty will find resistance zone 16363-16392 if hold above support 16296.
If support 16296 breached Nifty will test support zone 16210 -16175
An ascending broadening wedge does not mark the exhaustion of the buying current, but the sellers’ ambition to take control.
If pattern followed
Nifty will find resistance zone 16363-16392 if hold above support 16296.
If support 16296 breached Nifty will test support zone 16210 -16175
