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A rising wedge is formed by two converging trend lines when the stock’s prices have been rising for a certain period.
Before the line converges the sellers come into the market and as the result, the prices lose their momentum.
This results in the breaking of the prices from the upper or the lower trend lines but usually, the prices break out in the opposite direction from the trend line.
Depending upon the location of the rising wedges it indicates whether the trend will continue or reverse.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty has crossed 18k, Banknifty 38k. This is despite lack of positivity from global cues (FTSE). IT stocks experienced turbulent waters as TCS and Wipro failed at higher levels, while Infosys rocked. Where do you think the market is headed?
Yearly performance review of Nifty and BankniftyThis is how the top stocks of the top two indices of the Indian markets did in 2021. How was your 2021? Nifty gave 24% whereas Banknifty underperformed with 14% return during 2021. Interestingly, an investment in the Top 5 Banknifty stocks was more profitable than an investment in the Top 10 Nifty stocks... How do you think the markets might do in 2022?
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