The daily bar chart pattern of Sensex has been in a down trend (marked by blue down trend line) since touching a 52 week high of 29077 on Sep 8.
Note that the index had formed a bearish pattern of 'lower tops, lower bottoms'even before news of 'surgical strikes' on terrorist staging camps in PoK triggered a sharp fall below the 20 day and 50 day EMAs.
-- Note that the index had formed a bearish pattern of 'lower tops, lower bottoms'even before news of 'surgical strikes' on terrorist staging camps in PoK triggered a sharp fall below the 20 day and 50 day EMAs.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/10/bse-sensex-and-nse-nifty-charts-sep-30.html
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