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
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.