Thursday, May 21, 2009

is the trend reversal in nifty ?????????????

Long white candle + doji
Means after an advance or long white candle ,a doji signals that buying pressure may be diminishing & the uptrend could be nearing an end .
Trader should be on the alert because market is
overbought ,if the nifty trend is reversal there is big gap for downside ,shown in chart.

No comments:

Post a Comment