Chart Patterns (Technical Analysis)

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 BROADENING WEDGES



Let’s understand broadening wedge pattern. It is a pattern where trend channel narrow at beginning and keeps broadening. We can have upward or downward breakout. But here we can see that it has already touched its 3 points on upper trend line and there is strong support near 32,100 so we are required a partial decline. Which will be around 32100 and if it takes support near that zone than we can have an upward breakout and we can achieve 32,800 level. Let’s watch. Thank you !

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