TECHNICAL ANALYSIS :
- THREE DRIVES HARMONIC PATTERN -
Nifty has formed a strong descending harmonic pattern (Three Drives) which clearly indicates reversal happening very soon
- DOJI PATTERN -
Nifty has also formed a nice doji pattern which indicates a reversal of the ongoing trend
- HAMMER PATTERN -
Also a hammer pattern is formed which again indicates an upcoming reversal of the trend
- OSCILLATOR INDICATOR -
It is also indicating overbought zone as average smoothing line has touched the 80 level, hence more momentum in the upwards direction
Operación cerrada manualmente:
As ATR has turned bearish from bullish hence profits should be booked made after the reversal of the trend