The last three working days almost gave the candle pattern usually referred to as 'Three black Crows" This is a reversal pattern which remains intact till the high of the first candle is broken.
The MACD too indicates losing of momentum of the upmove and is giving a negative divergence.
The correction, if worldwide / asian factors worsen, can lead us to sub-4000 levels - which will be one of the few opportunities to grab stocks at lower levels !
Happy trading
CA Rajiv D Khatlawala
Head of Research & Training
JHAVERI Securities Ltd.
1 comment:
it is necessary that mkt has to fill the gap near 3700 level nifty and without filling up that gap mkt cant go up????
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