I had expressed my doubt of a rally today, in my posting yesterday, and it did not despite a strong US markets.
The probable reason of the
Now we will come back to our market. The EOD chart of NIFTY spot is attached herewith. You can see that an Evening Star formation was formed today.
Theoretically, it is a strong reversal pattern. The theoretical formation too is attached herewith for those who like little more learning.
This now shows that there is a strong possibility that market may reverse its up trend from tomorrow, if NIFTY does not breakout of the Top trend line.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
