BANKNIFTY TRADING IN RISING WEDGE PATTERN

(Banknifty weekly chart)

Banknifty has made rising wedge pattern and which is bearish pattern in uptrend when it gives breakdown from the pattern followed by negative crossover by stochastic and MACD indicator. 

This week banknifty manage to close within the wedge. It has not given breakdown from the pattern yet.

For coming week Banknifty has resistance around  10950 on upside and below 10600 it will have support around 10450.

In November month we booked gain of 1805 points till date based on our JBNSAR AND UNIQUE STOPLOSS TECHNIQUE..!!!!!!!!! This technique works best in banknifty and volatile stocks...
http://justbanknifty.blogspot.in/2013/11/banknifty-update-gain-of-1805-points-in.html

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