RakeshKohli-Elliotician

Nifty Island Reversals

Short
NSE:NIFTY   Nifty 50 Index
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1
Nifty has been making newer lows and highs since September'16.

For all the bulls there is a matter of concern that nearly every rise has created "Island Reversal" patterns. These now become very strong resistances !

Nifty will need very strong up moves to overcome them which will not come anytime soon as it appears now.

Comments

Nicely spotted !
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