NIFTY 5 DAY 5 MIN: NIFTY FUT HAS MADE ROUNDING TOP FORMATION WHICH IS RARE .
A ROUNDED TOP IS CONSIDERED A BEARISH SIGNAL , INDICATING A POSSIBLE REVERSAL OF THE CURRENT UPTREND TO A NEW DOWNTREND
ONCE THE NECKLINE WAS BROKEN TODAY IT TRIED TO TOUCH NECKLINE BUT FAILED AND CAME DOWN HEAVILY AS SHOWN IN THE ABOVE CHART
IN TODAY'S CHART NIFTY FUTURE HAD MADE A RISING WEDGE WHICH WAS BROKEN WITH GOOD VOLUMES
CREDITS: SANDESH DALVI
CHARTS UPDATED :RITESH BHANSALI
No comments:
Post a Comment