Nifty : Rising Wadge Pattern (Bearish)

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Nifty is unable to cross 9400 decisively. Two main hurdles are lying here 1st.9380-9400 zone is Fibonacci .382 level and second long term trendline both are acting as strong resistance. If Nifty crosses above 9400 then it will try to to touch 9970. If Nifty breaks down below 8980 then it may touch 7800 or lower.