An evening star candlestick formation in hourly charts has forced a turn lower confirming a mean reversion move - Geojit Financial
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NIFTY OUTLOOK
An evening star candlestick formation in hourly charts has forced a turn lower confirming a mean reversion move, that could stretch as far as 16033. However, the 16238- 16174 region could present bulls with an opportunity to regroup and arrest the bearish momentum. But, even in such scenario, directional upsides rise may have to wait, as a broadening wedge pattern is probably in formation.
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