October 27, 2015



  • Apple week shows price continues to move inside the right shoulder of a bearish head and shoulders pattern.
  • 4 Hour chart shows price getting resisted at 200 SMA. Bulls need to keep price above 117 and 119 levels to avoid bigger corrections from happening.


  • Bank nifty daily has given a bearish engulfing pattern at the golden ratio. Bears need further confirmation with another bearish candle with good volumes to confirm the engulfing pattern.


Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

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