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Nifty50 Falling Wedge: Short-Term Bounce or Bull Trap?
NIFTY
, 1D
NIFTY: Nifty50 Falling Wedge: Short-Term Bounce or Bull Trap?

Nifty50 is trading within a falling wedge pattern, typically a bullish reversal structure. The daily candle has touched the lower Bollinger Band, signaling a potential bounce, and the RSI at 29 is deep in oversold territory. While the index continues to respect the downward channel, a short-term bounce of at least 1% is likely to fill the recent gap and...

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