May 19, 2018

NIFTY weekly charts

- complete bar reversal this week
- in fact, we had a bearish engulfing bar
- this means we may have more downsides
- it also means a top is in place at 10930 (say 11000)
- the bearish engulfing bar occurred recently in first week of FEB this year
- the markets then corrected to 10000 levels thereafter

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