bijoy2526

NIFTY forms higher low in hourly time frame.

NSE:NIFTY   Nifty 50 Index
it appears this leg of correction is not going to be easy for bears or bulls.
is this abc correction over?
nifty has bounced from the channel line despite forming lower low.
forms higher high in hourly time frame.
as it appears to me there will be much more volatile in this stage..
unless the channel breakout takes place in either side of the channel.
better to wait and watch.
every stage is not rewarding during trading.
we have witnessed sharp bounce from correction in recent times.
but this time may not be sharp bounce.
if happens salute if nifty can defy abandoned baby candle stick pattern
any thing happen.

Comments

Abandoned baby is a new fancy term i just learnt recently. You are right anything can happen:)
Reply
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