NIFTY : IS HISTORY REAPETING ?
Todays candlestick had not confirmed the Abdon Baby pattern but it is not above yesterdays candlestick. If we see candlestick its making 1. bearish harrami pattern, (not completed) we will come to know after market is closed.
2 Another way to look at today's candlestick is to combine yesterdays and todays candlestick. Ie. take yesterdays low and todays high. if we take yesterdays and todays candle stick as one then tomorrow gap down will confirm Abdon baby pattern.
3. if todays high is taken away then tomorrow upside is confirm 4
4 How to trade is million dollar question. a} Be patient b) wait for 18550 to break on down side with todays High SL (100) pts. ( 5000 Loss)
c) Go long above 18650 with SL 18550. d) keep trailing SL of 100 pts is trade goes in Favour.
2 Another way to look at today's candlestick is to combine yesterdays and todays candlestick. Ie. take yesterdays low and todays high. if we take yesterdays and todays candle stick as one then tomorrow gap down will confirm Abdon baby pattern.
3. if todays high is taken away then tomorrow upside is confirm 4
4 How to trade is million dollar question. a} Be patient b) wait for 18550 to break on down side with todays High SL (100) pts. ( 5000 Loss)
c) Go long above 18650 with SL 18550. d) keep trailing SL of 100 pts is trade goes in Favour.
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