Bearish engulfing candle formed on Thursday plus nifty sustaining above 8000 could be a trend reversal from bearish to bullish provided nifty is holding 8000.
(PS - Bearish engulfing candle formed after an uptrend is a bearish sign but this candle is formed after a steep fall indicating pessimism among traders and trend reversal happens most of the time at pessimism.)
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