Bearish Cypher Pattern found in Bank Nifty

Feb 16, 2017

Just found a bearish cypher pattern in bank nifty index, on daily chart. MACD shows signal line crossing over MACD line, indicating a downtrend and RSI is indicating that the bank stocks are over bought. 0.236 and 0.382 retracement levels will be 19788.54 and 19371.6 respectively.

Mar 3, 2017

Note

This didn't turned up well for me. I better stick to Stocks than Index going forward.