Bank Nifty made a classic "Shooting Star" yesterday and confirmed it's bearishness today.
The is a chart formation consisting of a with a small real body, and a large upper shadow. This pattern represents a potential reversal in an uptrend. Appearing at resistance makes it all the more reliable as in the case of Bank Nifty.
Only a strong move and close above the Shooting star will negate the bearishness.
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