Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, March 9, 2014

It is the IT Sector's turn to Reverse !

Weekly Chart 

 The above weekly chart shows how the  "Outside Day" reversal pattern - shown in red elipse - on the weekly charts of the IT Sector Index has warned of a reversal with regularity.Occuring on weekly charts makes the signal stronger.

Outside days are days where the current candle is both higher and lower than that of the previous candle. 

The pattern has occured once again alerting of an impending reversal !!

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Happy Trading !!

Lakshmi Ramachandran

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