techtrail

Nifty: A What-IF Pitchfork !!

NSE:NIFTY   Nifty 50 Index
Nifty has registered higher-highs and higher-lows pattern, prompting me to draw this magenta upsloping pitchfork . What price does on a revisit to the lower parallel of this fork will reveal a lot about the validity of this pitchfork .

A bullish key reversal bar or hammer candlestick pattern at the lower parallel would increase the reliability and relevance of this fork.

Let's wait and watch until then...

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