raj3elite
Short

Bear ready to takeover Nifty from Bull

NSE:NIFTY   Nifty 50 Index
Double Top and Bearish Engulfing candlestick pattern formed on Nifty             . It is a signal for bear to takeover the nifty             from bull. Fall will start from 10440 to 10396 / 10330 and possible to reach 10240. "Happy Trading"
Comment: Sorry for mistake. Its not a bearish engulfing candlestick.
Comment: It is Dark cloud cover. Thanks Mr.Parasuram
Trade active
Comment: 10440 - 10420 had a good support.. its broken now so less hope to have long position. as per my chart view, fall began...
Trade active: new chart of Nifty analysis

Trade closed manually
if today's low is broken then we can expect your 10238! lets see
+1 Reply
raj3elite Parasuram
@Parasuram, yes possible
Reply
is it still valid after Nifty made 10539?

+1 Reply
raj3elite Parasuram
@Parasuram, hahaha... good point but this fall not by candle pattern. i will post the chart below.
Reply
not before 10850
+1 Reply
raj3elite Fx_Monkey
@Fx_Monkey, Chart view as per pattern.. So, let see..
Reply
that is not engulfing.. Engulfing is both high and low are higher and lower than the prev candle!

!
+1 Reply
raj3elite Parasuram
@Parasuram, ooh yes... thanks to notice that... Its Dark cloud cover pattern
Reply
Parasuram raj3elite
@raj3elite, Yup!
+1 Reply
Good chart work . I agree with your idea and can see an overbought market with longs from 10073 wanting to cash out now. All the best !
+1 Reply
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