Mazhar Mohammad said for the time being, upsides shall get capped around 11,760 where a potential double top can be expected if bulls are unable to breach the said level in next couple of trading sessions.
"Inline with projections, weakness appears to be creeping in the indices as Nifty50 registered a Bearish Engulfing formation after meeting the formality of registering a new life time highs,"
Trading 101: What is "Bullish" / "Bearish"?
Video by http://bse2nse.com This video talks about how to identify bullish and bearish trend channels ... Useful for FnO Traders and Equity short term traders.