Bank Nifty is forming a rising wedge pattern and might give a good down move from here. The stock has been on a rally since quite some time and a healthy correction is expected. Please observe the price action before placing any trade.
DMART has been testing its long time support level on the daily chart for quite some time now. A good momentum on the downside can lead to a major downfall. A strong bearish candle should be looked for in the coming days.
If the price closes above 2365, this study will stand invalid.
NIFTY can be seen forming a rising wedge pattern on the daily chart. It is a bearish signal. It will be interesting to see the price movement from here.
