abhishek_sh4
Short

Bearish Island Reversal with bearish fractal

NSE:NIFTY   Nifty 50 Index
In my previous chart, I was bearish on Nifty as volume didn't support the price move in the index. As well as there were many bearish candlesticks on the daily chart pattern.

I think the new channel is formed after a bearish island reversal pattern breakout along with bearish marubozu candle.

Please refer to my previous charts where I have clearly shown why I am bearish on Index. (price action & Elliott wave )

Comments

great..It will work..nice Analysis
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abhishek_sh4 vlakeshri
@vlakeshri, Thank you.
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