My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 25, 2015
Nifty chart analysis
- The effect of bearish engulfing at top never went away. After few months of sideways move the fall has started again. For now the GAP in weekly chart is crucial if price continues to stay below it another big fall is possible. Bears need price to stay below the weekly cloud on closing basis to extend gains. Cloud base may act as support for sometime.
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