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Nikita (SEBI RA)

18th Sep · SEBI-Registered Analyst

In Neck Pattern – Weak Bearish Continuation

📊 The In Neck is similar to On Neck but weaker. ✅ Formation: 1️⃣ Long red candle. 2️⃣ Small green candle opens gap down but closes slightly above prior red’s close (yet inside body). ✅ Meaning: Bears still control, but small hesitation seen. 📌 Example: Stock drops ₹150 → ₹140, In Neck forms near ₹138–139 → trend likely to continue downward. 🧠 Rule: Confirmation needed with next red candle.

MARUTI

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