Today nifty gap down from the resistance of value area (Range) and touched control value area or small range within big range's and acted as support for price and form doji. Because of Doji market is uncertain to predict because of Island reversal too. To increase the probability of the prediction that the market or trend reversed or not yet. price must have to fill the today's gap.
Island reversals are strong reversal pattern. like on 5th Oct which gave strong support for the gap down of Israel - hamas war. Today's pattern is also Island Reversal.
For Bullish view market must have to fill the today's gap first.
NIFTY
Island reversals are strong reversal pattern. like on 5th Oct which gave strong support for the gap down of Israel - hamas war. Today's pattern is also Island Reversal.
For Bullish view market must have to fill the today's gap first.
NIFTY Transaction en cours
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.