Warning Line gives us a clue

I have used Pitchfork on the Nifty chart and it is showing me how beautifully the top and bottom have been captured.

It is at these lower levels of conviction that we get a signal. Here, two days of lower shadow coupled with an inverted hammer does indicate that the bullish attempt at market recovery could be expected.

Till 16800 is not given away one should look to buy on every dip in Feb.