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Nifty1

DON'T SELL IN PANIC SEEING BEARISH ENGULFING CANDLE Nifty 50 experienced a panic sell in the last couple of hours and has formed a bearish engulfing pattern in daily time frame...but this pattern stays valid only when Nifty 50 starts forming a 5 wave lower high and lower low on a the 15 min chart and breaks the pivot point as mentioned in the chart.Don't exit from your trading portfolio in panic. Mid caps were falling mainly due to panic selling in IRCTC,INDIAMART,REALTY stocks and METALs.Won't cover the bad news part as it will be reflected in the price action. FOLLOW me for more such quick updates on the market and do hit the LIKE button if you were benefitted from my post Till then, HAPPY TRADING :)
NSE:NIFTY1!
by keshevdugar
2
MULTIPLE REVERSAL PATTERNS IN NIFTY 50LONG TERM BULLISH STRUCTURE OF NIFTY 50 IS INTACT. In Short Term we might see some pullback due to 2 reversal patterns and also formation of head and shoulders Support levels have been discussed in the chart. Reasons for pullback 1.Weak global cues 2.Rising crude prices 3.Bearish engulfing pattern 4.Island reversal pattern 5.Formation of H&S 6.Multiple rejections from 17800 levels FOLLOW me for more such content ahead.Do hit the like button if you gained something from the post Till then, HAPPY TRADING :)
NSE:NIFTYShort
by keshevdugar
4