idea fo NIFTY 50
Today while studying the charts of Nifty 50 and Bank Nifty, I saw a very good thing.
You all must be knowing this chart pattern very well, maybe it is called Head and Shoulder Pattern
The Dark Cloud Cover 2 candle pattern has done its job well.
But here there is something different, BankNifty is trading in a bullish pattern while Nifty50 is in a bearish pattern.
If my view is that until both the signs appear in the pattern it is better to stay away from the market.
What do you guys think? Please comment.
This is my view, please do your own analysis and trade at your own risk.
thanks
You all must be knowing this chart pattern very well, maybe it is called Head and Shoulder Pattern
The Dark Cloud Cover 2 candle pattern has done its job well.
But here there is something different, BankNifty is trading in a bullish pattern while Nifty50 is in a bearish pattern.
If my view is that until both the signs appear in the pattern it is better to stay away from the market.
What do you guys think? Please comment.
This is my view, please do your own analysis and trade at your own risk.
thanks
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