Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level. The short-term trend of Nifty is down, but the near-term uptrend status of the market is intact. There is a possibility of … Read more
Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts. Three such back to back candles indicate the formation of a ‘3 Advancing Soldiers’ type pattern which signals upside continuation for the short term. The present upside momentum could find … Read more
Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels. The lower tops and bottoms on the daily chart are intact and the present weakness could be in line with … Read more
