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pranitajethlia

Finally the consolidation in Nifty ends with a 'Island Reversal'

Short
Nifty 50 Index (NSE:NIFTY)  
pranitajethlia  
NSE:NIFTY   Nifty 50 Index
Wave Analysis Chart Patterns Technical Indicators
6
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waveanalysis chartpattern indicator
Nifty was consolidating from a month just to get another downward breakout.The consolidation got over exactly at 50% retracement level. Observe the reversal in trend with a island formation signalling a strong downtrend.
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