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Voltas forms record session count pattern; bulls may take a breather

Vinayak Gangule / Article rating: 4.0

This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out. 

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