Heikin Ashi Candle Analysis of Nifty for 05-07-2012
Candle formation for Nifty on 04-07-2012 – Hollow candle
without any lower shadow. This indicates a strong up trend. Let the profits
ride!
Heikin Ashi candles on hourly chart also formed hollow blue
candle without lower shadow. This indicates strong up trend. Yesterday at 2 pm
the candle that is formed has invisible real body but a very long upper and
lower shadow. This has followed by a hollow blue candle without lower shadow
confirming the trend reversal to upwards.
Nifty heikin Ashi Daily Chart :
Nifty heikin Ashi Daily Chart:
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