WHY NIFTY WENT UPWARDS SO MUCH ON THE MONTH OF APRIL
- Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way
- Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again indicating strong reversal