This candle stick pattern on nifty daily chart has very good success rate.
For dragonfly to succeed we need
1. Existing down trend.
2. Dragonfly doji formation.
3. Break of dragonfly high.
Third condition is what we need to track today.
Also, if we gap up today than it can be a good candidate for abandon baby pattern.
For dragonfly to succeed we need
1. Existing down trend.
2. Dragonfly doji formation.
3. Break of dragonfly high.
Third condition is what we need to track today.
Also, if we gap up today than it can be a good candidate for abandon baby pattern.
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Taking support also at 20 Week MA
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A rare but reliable Abandoned baby reversal pattern starts the Diwali rally...
