Candle stick pattern perfectly resembles morning star pattern (bear thrust seems to be exhausted)
if there is gap up opening and the candle does not enter in to the today's candle
then that will be perfect example of morning start candle which indicate trend reversal after down trend.
today I was expecting nifty to touch support 5 but it did n't..
looking at the chart bank nifty it has reversed from a critical point.
one more rally towards upside is still pending in case of nifty too.
let us see at least if we can see a prebudget rally tomorrow
FII and DII figure indicates net selling.
don't forget to like my post.
follow me to get updates.
if there is gap up opening and the candle does not enter in to the today's candle
then that will be perfect example of morning start candle which indicate trend reversal after down trend.
today I was expecting nifty to touch support 5 but it did n't..
looking at the chart bank nifty it has reversed from a critical point.
one more rally towards upside is still pending in case of nifty too.
let us see at least if we can see a prebudget rally tomorrow
FII and DII figure indicates net selling.
don't forget to like my post.
follow me to get updates.
Comment:
there should be question mark in the trend reversal in the head line.
Comment:
gap up was there but price violated the candle of yesterday negating the morning star pattern.
