NIFTY FUT 5 DAY 15 MIN:BULLISH ENGULFING PATTERN :WHEN NIFTY FUT MAD A LOW OF 5245 IT HAD FORMED A BULLISH ENGULFING PATTERN WHERE THE GREEN CANDLE HAS ALMOST FULLY COVERED THE RED CANDLE (ARROW), WHICH IS A BULLISH SIGN AND INDICATES A REVERSAL IN TREND AFTER WHICH NF MADE A HIGH OF 5296 AND CLOSED AT 5261
NIFTY DAILY CHART:BEARISH ENGULFING PATTERN: NIFTY HAS MADE A BEARISH ENGULFING PATTERN AS SHOW ABOVE(ARROW) WHERE THE RED CANDLE HAS ALMOST COVERED THE GREEN CANDLE TO YESTERDAY .
NIFTY DAILY CHART : TRENDLINE BREACHED: NIFTY DID BREAK THE TRENDLINE AT AROUND 5318 AND MADE A HIGH OF 5329 , BUT CLOSED BELOW THE TRENDLINE(BLUE) AT 5302RESISTANCE LEVELS OF 5295 AND 5310 WERE BROKEN TODAY ,THUS NEXT LEVELS TO WATCH OUT WOULD BE 5335 AND 5345
NIFTY WEEKLY CHART :ANOTHER TRENDLINE: AS SHOWN ABOVE NIFTY HAS NOT BREACHED THE TREND LINE ON THE WEEKLY CHARTS WHERE IT IS FACING RESISTANCE ( ARROWS)
