rising wedge on daily time frame

formation of rising wedge pattern: Bearish

Also marked ABC Wave. : prob. completion of wave

There might be some sideway move for some weeks.

Only below 11000, we will see targets for 10000,

11000 might give some support.

Fundamental Data to support this rising wedge.

GDP Data: Bearish
Border Tension: Bearish
Pandemic: Bearish

Komentarz:

Nifty is near our First target. (11057)

Zlecenie aktywne:

First target of 11057 achieved, 11500-11600 can be the next S/R.