Formation of Inside Bar Pattern in Daily Chart
Disclaimer : This is just my view as I am learning how price action works only by watching this particular stock.
NALCO has formed a Inside Bar Pattern on Daily Chart. This might indicate a big move above 91 or below 87.8
Since aluminum index is stable and is more in demand, I feel it’s a long from this support line of 89-90. Might expect a big move if the pattern activates.
Just a analysis, correct me if I’m wrong at any point. Thanks.
NALCO has formed a Inside Bar Pattern on Daily Chart. This might indicate a big move above 91 or below 87.8
Since aluminum index is stable and is more in demand, I feel it’s a long from this support line of 89-90. Might expect a big move if the pattern activates.
Just a analysis, correct me if I’m wrong at any point. Thanks.
Disclaimer
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