Refer to my earlier post of Nifty Weekly chart, please also refer this daily chart in which neutral candle stick patterns are getting formed and market is retraced at 38% level which is good resistance level also market is near black thick lines which are major resistance lines and one BLUE dotted lines which is also major resistance line.
Formation of such neutral candle stick patterns near 38% level and major resistances shows from this level trend reversal may be possible.
So please be careful for long positions. This post is for study purpose. Please share your views on the same.
Formation of such neutral candle stick patterns near 38% level and major resistances shows from this level trend reversal may be possible.
So please be careful for long positions. This post is for study purpose. Please share your views on the same.
Comment:
Candlestick formed on 24th April is like Gravestone Doji.. If you want to know more about Gravestone Doji then please search in Google. You will come to know its importance.
Trade active:
Hope you are Enjoying the fall!!