niftytrader

NIFTY Candlestick patterns on 3month quaterly basis

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NSE:NIFTY   Nifty 50 Index
A study of the forming pattern suggests we could be in for a long break. After close of this candle if it closes at the lowest of the quarter and if we confirm the inverted hammer by going below, there may be pain ahead. Then again the efficacy of candlesticks remains at best limited.

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