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keshevdugar

MULTIPLE REVERSAL PATTERNS IN NIFTY 50

Short
Indice NIFTY 50 (NSE:NIFTY)  
keshevdugar  
NSE:NIFTY   Indice NIFTY 50
Trend Analysis Technical Indicators Fundamental Analysis NIFTY nifty50 Bearish Patterns Bearish Engulfing NIFTY1! niftytrend niftyanalysis
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trendanalysis indicator fundamental nifty nifty50 bearish bearishengulfing nifty1! niftytrend niftyanalysis
LONG TERM BULLISH STRUCTURE OF NIFTY 50 IS INTACT.
In Short Term we might see some pullback due to 2 reversal patterns and also formation of head and shoulders
Support levels have been discussed in the chart.
Reasons for pullback
1.Weak global cues
2.Rising crude prices
3.Bearish engulfing pattern
4.Island reversal pattern
5.Formation of H&S
6.Multiple rejections from 17800 levels
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