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Tuesday, January 25, 2011

Warning...The False Breakout Pattern.Just got confirmed.

 

In Candlestick theory, it says, that after an “inside day” formation, the next day, it goes for breakout above the “inside Day” and within the next three days, it breaks down below the same “inside day”. This is what on the daily chart it has happened on NIFTY in the last half hour. Theoretically, this has severe bearish implications.  You may refer to any EOD chart for a study…  

 

 

 

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MASTERSTROKES