July 20, 2011

NIFTY EOD UPDATE

  • Nifty has formed a bearish engulfing pattern.
  • Engulfing patterns need confirmation
  • But good thing for bears is that it has come near the resistance line.
  • Still price has to open lower and a Good volume black candle can confirm the pattern.
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1 comment:

  1. Nilesh PatilJuly 20, 2011 at 3:56 PM

    Thanks Sir,
    Your Timely update of patterns, charts are very helpful for me.

    Nilesh Patil

    ReplyDelete

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