Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, October 19, 2021

Bearish Engulfing Pattern on Nifty and Bank Nifty


Daily Chart 



Nifty as well as Bank Nifty formed a Bearish Engulfing pattern.Monday's candle being a near doji and today's candle having a large bearish body increases the chances of bearishness continuing.

Confirmation tomorrow in the form of a black candlestick, a large gap down or a lower close is required on the third candle. 
 
Bank Nifty 




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Happy Trading !! 

Lakshmi Ramachandran

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