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RAYMOND is a SELL on NSE around 818.15 with SL at 825 and Target of 782
Recent Fresh Shorts initiated with 78% OI and a CS pattern of Three Black Crows Bearish.
Tomorrow on NSE:NIFTY, if a red bearish bar appears, then it will be a three black crow pattern which will confirm long bearish phase!
However if a big green bar emerged from day's opening price, it will be a Three line Strike pattern, which is a highly bullish pattern with 84% accuracy rate! See also my other posting in link below.
Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
The price action is been trading between trendlines and forming bullish candlesticks pattern at the bottom of trendline or resistance line. For past three days, it is been falling and formed a Three black crows bullish pattern. Now, it can move up tomorrow as shown in the chart to confirm the pattern as it is also previously done. Buying pressure at resistance ...