Friday, February 17, 2012

A bearish Harami in making

Bearish Harami in NF Daily chart
NF in daily chart has made bearish Harami. The first has a large body and the second a small body that is totally encompassed by the first.Harami are considered potential bearish reversals after an advance and potential bullish reversals after a decline. But as per Dow Jones and global market sentiments this uptrend may go upto 5600 and then turn back to protect 5200.

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