Nifty 50 IndexUpdated NIFTY nr7 day, is it abandoned baby?
Nifty has bounced from 78.6 percent of recent rally.
Friday's candle stick is perfect doji pattern.
Friday's candle has been detached from Thursday's candle
if tomorrow we will have gap up and the price goes on rising and
does not violated in to the body of Friday's candle then we will have a abandoned candle formation(please google it)
and overall trend will be positive. for its confirmation we need three candle sticks third one will only be Monday's candle
suppose the price enters in to the territory of Friday's candle and breaks it low then it can take support on the line shown in the chart
or still come further down to take support on the channel line.
these are probabilities. But it appears to me Friday's low was a strong support.
Friday's candle stick is perfect doji pattern.
Friday's candle has been detached from Thursday's candle
if tomorrow we will have gap up and the price goes on rising and
does not violated in to the body of Friday's candle then we will have a abandoned candle formation(please google it)
and overall trend will be positive. for its confirmation we need three candle sticks third one will only be Monday's candle
suppose the price enters in to the territory of Friday's candle and breaks it low then it can take support on the line shown in the chart
or still come further down to take support on the channel line.
these are probabilities. But it appears to me Friday's low was a strong support.
Note
still we are in bull run only point here to see from where nifty will bounce.Note
target touched .
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