February 24, 2018

NIFTY Weekend update

  • Week candle managed to come back and close above Middle bollinger band. The bullish shadow of the weekly candle is giving hope of a bigger up move.
  • Although week is trying to turn up the Month candle is still in the grip of bears. Price need to move back above 10530 levels to avoid the Bearish engulfing pattern in Month time frame.
  • One hour has moved above the cloud. If sustains above the cloud a bullish move is possible.


No comments:

Post a Comment