Bearish wedge breakdown

On the hourly time frame Nifty is forming a bearish wedge, it could correct and test the previous breakout levels of 14950 before heading higher. 14950 is also near the 20 DMA, so a possible test of this level in the coming week seems likely.

View invalid above 15500.

Supports after breakdown come in at 15200, 15100 and 14950.

Trade geschlossen: Stop wurde erreicht:

Nifty trading above 15500 hence above view invalidated