Inside bar has formed in Bandhan bank!
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Today Bank nifty formed two times inside bar candlestick pattern .Mark at least two high of candles as marked in the chart buy just after breaking high of the candle
Nifty after a parabolic rise to ATHs is now supposed to go in some sort of consolidation in next week.
On 1 HR MA , it has formed a good inside bar , so a long entry above the inside bar might take us to the highs once again.
On the other hand , the sell off on friday has been strong enough to see some more move down .
Ultracemco has made a Insider bar last week on weekly time frame and on dtf, it is making a cup & handle pattern. There is also a confluence of ema's on hourly timeframe and on 15 min time frame there is a counter trendline resistance broken out.
