March 3, 2014


  • Bank nifty daily chart is testing 50 Day SMA.
  • Price shows a possible Hanging man pattern in daily chart at Golden ratio. This candlestick pattern need confirmation, A bearish candle here can confirm a short term reversal.
  • GAP and Daily cloud may also act as resistance.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore