nalinakshi

Inside Bar at the support !!

NSE:INFRATEL   BHARTI INFRATEL LT
Inside bar price action Pattern are formed when price or market sentiment is extremely positioned in one direction. For example, most valid inside bars are those that are formed when the preceding price bars show extreme bullish or bearish sentiment. Although an inside bar is usually referred to as a reversal candlestick pattern, they can also exhibit a continuation pattern as well. An inside bar basically tells us that buyers and sellers have been reluctant to push prices above or below the previous candle’s high or low. In a way, inside bars reflect indecision in the markets.

Here 363 acts as major support, if this holds, you may see reversal of this short term down ward ltrend to end and infratel             may rally upto 420 odd levels.
Comment: if it breaks the low of 363 it may go down to 340 level, so watch out for price action. one should be careful either to sell or buy, here patience and close watch is advised
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