The patterns of stock market

• Many times the bull market starts with a W formation. and it ends with an M. This is not a thumb rule but has seen this happen many times.
• By Showing an M i am not suggesting that this up trend is going to end. But one should take a note of the weakness that occurred followed by such a patterns occurrence.
• Now one should watch the levels of 5956 in NF. Breaking below it will give sharp correction and it will break an important support. Then that support will become resistance.