Bearish engulfing pattern seen in these 8 Nifty indices. Time to be cautious?
If IT stocks deliver, the Nifty can easily make new highs. On the down side, the major support for Nifty is around 21,800, says analysts
Source: moneycontrol.com
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If IT stocks deliver, the Nifty can easily make new highs. On the down side, the major support for Nifty is around 21,800, says analysts
It is a 2-day pattern with a green candle, and followed by a short candle within the green candle’s range in an uptrend. This pattern suggests an upcoming change in the current bullish trend.
Could the run up into earnings have been just a plain old “Buy the rumor, sell the fact”?