[ad_1] Besides forming lower highs and lower lows on the hourly charts, Nifty today formed a tall bearish candle on the daily charts as it revisited mid-October levels. Now, till it remains below 17250 zones, weakness could continue towards the next psychological support of 17000-16800 levels, while on the upside Read more…
[ad_1] Indicating a downtrend continuation pattern, a long bear candle was formed on Nifty’s daily chart today. Negative chart patterns like lower tops and bottoms were formed on the weekly chart and Nifty is currently on the way down to form a new lower bottom of the sequence (below 17,353), Read more…
[ad_1] As Nifty failed to end above the 18,000-mark for four days in a row, the headline index formed a Doji candle on the weekly charts. A tug-of-war was visible between bulls and bears throughout the week as wicks of the candle were of equal size on both ends indicating Read more…
[ad_1] Headline equity index Nifty formed a bearish candle with a longer shadow, indicating support-based buying on weekly F&O expiry day. The index has formed bearish candles for three consecutive days. Now, till it holds below 17,950 zones, weakness could be seen towards 17,777 then 17,700 zones, whereas hurdles are Read more…
[ad_1] After making lower highs for the last three sessions, Nifty formed a bearish candle and an Inside Bar on the weekly charts. Now, till it holds below 17,950, weakness could be seen towards 17,777 and 17,650 zones whereas hurdles are placed at 17,950 and 18,081 zones, said Chandan of Read more…
[ad_1] Indicating a sell-on-rise mood in the market, the headline equity index Nifty on Friday formed a bearish candle with a long upper shadow on the daily chart. Now till it holds below 18350, weakness could be seen towards 18081 and 18000 zones, whereas hurdles are placed at 18350 and Read more…
[ad_1] Headline equity index Nifty today formed a doji pattern on the chart, suggesting indecision ahead of the US Fed meet outcome later in the night. Analysts said normally such candle formations after a reasonable rise signals volatility at the highs and sometimes acts as a reversal pattern post confirmation. Read more…
[ad_1] Headline index Nifty today formed a small positive candle on the daily chart at the support of 18,550-18,500 levels but remained range-bound amid F&O weekly expiry. Analysts said positive chart patterns like higher tops and bottoms continued on the daily chart and the overall chart pattern signal positive bias Read more…
[ad_1] With Nifty scaling new peaks, a long bullish candlestick with a minor upper shadow was formed on the daily scale. This pattern indicates the continuation of the upside momentum in the market. The hourly and daily upper Bollinger Bands expanded along with price action, which assisted the bulls today. Read more…
[ad_1] Headline equity index Nifty on Friday formed a small negative candle with a minor lower shadow on the daily charts and a bullish engulfing pattern on the weekly chart. Now, the index has to hold above 18,500 zone for an up move towards 18,600-18881, whereas supports are placed at Read more…