SHORT TERM VIEW

BEARISH GRAVESTONE DOJI :-

NIFTY - DAILY

Today on daily chart NIFTY formed BEARISH GRAVESTONE DOJI CANDLESTICK PATTERN which suggest there may be end of this up move for a while. This candlestick pattern will need confirmation next day. Confirmation may be in the form of  tommorow's opening below today's close. The larger the gap the stronger the confirmation will be. A black candlestick with lower prices can also be another form of confirmation.
That means now there are chances that the price will test the upper border of triangle, which may or may not act as support.

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