Saturday, 28 May 2016

Nifty show three white soldiers pattern

Nifty made three white soldiers patterns consecutive 5Th times s in last two months which is clearly indication of changing sentiments of investor . Three Advancing White Soldiers indicates a weakness in an down trend and the potential changes in to of an uptrend. After five week consolidation nifty made three white soldiers patterns on daily chart 5 th times when it always occurs as per theory nifty broke out a narrow range of consolidation and moves in uptrend so as per my thinking Try to make long position and buy on dips strategy. 8180 is strong resistence for nifty if not closes above this level then some consolidation for brief time period and then it can go up to 8218.





Levels as support in three white soldiers patterns on daily chart
8080-8028-7986-7944


Levels as Resistance in three white soldiers patterns on daily chart
8214-8326



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