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Monday, October 3, 2011

NIFTY ISLAND REVERSAL

BUZZING NIFTY: ISLAND REVERSAL
Nifty opened gap down to create an Island which is a reversal pattern and the possible target for the same is likely to be 4770-80 level.

island reversal is a reversal pattern and is formed within a compact trading activity within a range of prices, separated from the move proceeding it; this separation is caused by an exhaustion gap and the subsequent move in the opposite direction occurs as a result of a breakaway gap.
Posted by Unknown at 10:43 AM
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1 comment:

Clara Mellor said...

Cadila Healthcare Ltd is currently trading at Rs 548.15, up by Rs 7.45 or 1.38% from its previous closing of Rs 540.7 on the BSE.capitalstars

June 12, 2017 at 2:38 PM

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