April 7, 2017

  • Nifty week shows a negative candle. This needs confirmation though in the following weeks.
  • Weekly chart also shows Negative divergence.
  • But bears May not expect big returns unless price fall below 8900 levels. Month chart shows Bulls making New high's. So bears need price to fall back below 8900 levels on closing basis which will confirm the current move as just a spike above new high's.
-->

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