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.
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.