@fazalahmed And candle stick patterns is telling that 1d candle chart is formed a three black cows pattern. Most probably 60-75% market end in red tomorrow. (EVEN IF IT IS BULLISH ON THE MORNING)
Also if we check the monthly pattern, three cows already formed. That means from Dec...
balachandar-BJ9PoF9R9 replied to Fazal Ahmed's comment
@fazalahmed It is not actually that. There were different time cycles we need to understand and the fluctuations based on volatility. ( It is India VIX).
If you compare the bank nifty and sbi charts, similar kind of patterns were observed. So, if you think bank nifty goes upward, it will be bullish, otherwise it will be bearish.
balachandar-BJ9PoF9R9 replied to Trading Addicttt's post