Sunday, October 14, 2012

Nifty : Brearish Engulfing Pattern

Nifty has formed bearish engulfing pattern on weekly charts as this weeks candle engulfed last two weeks candles so we could see some more selling in coming week.
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4 comments:

  1. MCX Gold SilverOctober 14, 2012 at 6:52 PM

    thax for ur information

    ReplyDelete
  2. kalyaniOctober 14, 2012 at 9:29 PM

    I think this is not bearish engulfing , it is dark cloud cover which is also bearish

    ReplyDelete
  3. RenuOctober 15, 2012 at 8:32 AM

    Hi Kalyani,
    It is Bearish engulfing pattern
    you can read about dark cloud cover here

    http://www.investopedia.com/terms/d/darkcloud.asp#axzz2946gVTEV

    ReplyDelete
  4. kalyaniOctober 15, 2012 at 5:43 PM

    ok renu ji, thanks

    ReplyDelete

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