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Nifty Bank Index

SHOTING STAR

By devaanshverma
Here we can see the formation of an inverted hammer which is usually called as a shooting star. This generally appears in a bullish run and indicates a reversal in the trend. The very next candle is a conformation of the shooting star. If someone had taken an appropriate put trade they could have easily gained 454 points.
Bearish PatternsChart PatternsdowntrendHarmonic PatternsInverted Hammeroptionsstrategiesoptionstradingshooting_starShooting StarshootingstardojiTrend Analysis

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