On weekly time frame Nifty formed a insidebar candlestick pattern.
What is an Inside Bar candle?
It is a combination of two candles
1st candle is a mother candle and which is big in size
2nd candle is a small candle and this candle form within previous candle.
Is it bullish or bearish?
Breaking below the low of mother candle will accelerate momentum in the same direction
Breaking opposite direction of the candle indicate trend reversal.
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What is an Inside Bar candle?
It is a combination of two candles
1st candle is a mother candle and which is big in size
2nd candle is a small candle and this candle form within previous candle.
Is it bullish or bearish?
Breaking below the low of mother candle will accelerate momentum in the same direction
Breaking opposite direction of the candle indicate trend reversal.
For more facts and real time update join us on telegram.
Link is below
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.