RakeshKohli-Elliotician

Nifty Island Reversals

Short
NSE:NIFTY   Nifty 50 Index
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.