Defying the yesterday's bearing engulfing pattern
Today nifty again confirms the uptrend again.
Even nifty violated Yesterday's low
Please check carefully its low touched target 2
and from there it bounced to touch target 3.
Taking out the target 3 it may touch next target.
I had posted when nifty has broken out of the channel few days back.
Of course the levels were not shown here.
Yesterdays move seems to be bear trapping by the bulls and It was powerful trap bearish engulfing followed by violation of yesterday's low and then reversing.
It appears further up trend may continue.
follow me to get updates.
Don't forget to like my post.
Today nifty again confirms the uptrend again.
Even nifty violated Yesterday's low
Please check carefully its low touched target 2
and from there it bounced to touch target 3.
Taking out the target 3 it may touch next target.
I had posted when nifty has broken out of the channel few days back.
Of course the levels were not shown here.
Yesterdays move seems to be bear trapping by the bulls and It was powerful trap bearish engulfing followed by violation of yesterday's low and then reversing.
It appears further up trend may continue.
follow me to get updates.
Don't forget to like my post.
