Fold your hands & say thank you to Morning Star- They will feel nice.
Talents/ Patterns cannot be hidden for long, they are like bubble or soda pop in the fizzy water.
Megha Mishra, A talented kid for the music industry is all set with her mind blowing song "Who am I" for an upcoming movie- Secret Superstar.
As talents, patterns also can’t be hidden – you feel it & It will explode. As I, felt when pattern was about to rise like the bubble in the half way session for 11th Sep2017.
What is a 'Morning Star'
A is a pattern that consists of three candles. The first bar is a large/small red located in a defined downtrend shown by downside arrow, the second bar is a small-bodied candle (either red or green) that closes below the first red bar, and the last bar is a large green candle that opens above the middle candle and closes near the centre of the first bar's body or above high of the 1st red candle. In later case, it suggest that bulls control the situation for that moment.
In the chart, the pattern or Meghna Mishra Talent was shown using an oval shape.
We have a channel in which price is moving & we expect price to touch 408-411 zone where 408 is the rejection zone level & 411 is the upper edge of the channel. Likely we see price testing the zone as suggested above & if you feel, it is getting resistance, don’t forget to sell for targets 398-395-390 later this week but not on emotional grounds only if you get confirmation on top end/close to the channel top.
Key levels downside - 398.50
Previous Analysis - Falling from 438 to 395 - Game of Patience
Opened gap up at 407 - Faced Resistance close to previous rejection zone - As expected had a sharp fall from top end as expected
Target 1 done@398 – done
Happy Trading Day. Closing the update.
What a magical turn from 398- Wow!
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ