NEW DELHI: Nifty on Wednesday rallied 213 points to comfortably surpass the hurdle at 21,600 and formed a long bull candle on the daily chart. Positive chart patterns like higher tops and bottoms are intact as per the daily chart and currently, Nifty is moving towards the new higher top formation. Still, there is no … Read more
NEW DELHI: Nifty on Tuesday ended 92 points higher on the third day of the rally and formed a small green-bodied candle on the daily charts. “The short-term trend nevertheless remains down. Momentum readings like the 14-day RSI too remain in decline mode after dropping sharply from overbought levels last Wednesday. This calls for caution … Read more
NEW DELHI: Nifty on Friday finished 94 points higher but ended the week 0.5% down to break its seven-week winning streak. Momentum readings like the 14-day RSI too remain in decline mode after declining sharply from overbought levels on Wednesday. Nifty would need to cross the recent highs of 21,593 to reverse the current downtrend. … Read more
NEW DELHI: Nifty on Thursday ended 105 points higher to form a Bullish Piercing candlestick pattern on the daily chart, indicating potential bullish momentum. It would now be a daunting task for Nifty to go beyond the cluster of hurdles i.e. 21,400 – 21,500 – 21,600. On the other hand, 21,000 – 20,950 has certainly … Read more
