[Nitin Bhatia]

Sir,if any chart is in uptrend or downtrend, and there is a possible reversal of it which i got confirm from volume and percentage of delivery, then reversal candles like doji, shooting star, hanging man start forming, but sometimes the chart undergo into a consolidation phase with those reversal candles on daily basis say, then how to find out when will the reversal take place??

[Nitin Bhatia]

Unfortunately, you cannot find out exactly when the stock or index will move out of the consolidation phase as these are accumulation and distribution phase. Therefore, It depends on the money involved. Recently, the NIFTY was in a consolidation/distribution phase for 5 months i.e. from Oct’19 to Feb’20.

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