Here is an Education for you- Bearish Belt Hold

In NIFTY, a Bearish Belt Hold formation has been formed on Friday 21 Dec 2012. 

How does it perform in Indian Market. I did an analysis and took the statistics., which is attached herewith. There were 21 such formations from 2006 onwards, out of which 15 time it went for a Downward Breakout and only six times it failed.

This statistics speak volumes on the price action next week.

Those who are learning Technical Analysis may see on any chart, locate the date from statistics, and study more on that.

Best of Luck

Belt Hold.pdf Download this file