July 6, 2020

NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 1.5% in positive at 10764
- AD was 3:2

- close is slightly above/ outside the rising wedge
- I am close to discarding this wedge as it is "going on too long" and
- breakdown should have happened by now

- however past 3 trading days, nifty has gained 330 points
- most gains were overnight/ due to gap up
- but after market open, trading range was very limited


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