October 20, 2010

NIFTY FUTURES with a PIN BAR

  • Nifty futures daily candle looks like a pin bar.
  • Pin bar has formed at the apex of the wedge.
  • READING ON PIN BAR FROM BRAMESH TECH ANALYSIS : CLICK HERE

4 comments:

  1. Hi San

    Nice analysis as always! Do you feel Pin ball has bearish implication in this case? I went through the Bramesh page, but could not get answer to this question.

    Kindly clarify. Thanks. RDP

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  2. "Pin Bar formed at the tops and bottoms of moves and they tended to signify strong trend exhaustion and possible trend reversals" - In this case, I believe trend reversal should be on the upside as this candle stick is formed at bottom... 'm I right San?

    ReplyDelete
  3. @Krishna
    Hari has got it right.

    ReplyDelete
  4. Thanks to both of you for clarifying. RDP

    ReplyDelete