#excellent technical graphics

[pranabbanerjee]

excellent technical view: Technical view: Nifty50 forms an indecisive candle, but further growth is possible

excellent technical view: Technical view: Nifty50 forms an indecisive candle, but further growth is possible

Nifty50 on Friday rose for the third session in a row, but formed a bearish candle on the daily chart, reminiscent of a hanged man. The 50-batch index managed to close above 16,200. Analysts say momentum remains positive as long as the index stays above 16,170. Mazhar Mohammad of Chartviewindia.in said that despite a strong open with a gap up, Nifty50 registered an indecisive hanging man-like…

View On WordPress

[pranabbanerjee]

Technical view: Nifty50 remains in a consolidation range; 15,900 for the barrier

Technical view: Nifty50 remains in a consolidation range; 15,900 for the barrier

Nifty50 On Friday, a Hammer-type candle formed on the daily chart. On a weekly basis, it was a bearish candle with a long lower wick. Analysts say the index is in a consolidation range, where it has strong support in the 15,500-15,600 range and a barrier in the 15,900-950 range. A decisive break from either side could set the market trend, they said. Nagaraj Shetty of Securities said that the…

View On WordPress

[pranabbanerjee]

Technical view: Nifty50 bulls are not ready to give up; pulse is positive

Technical view: Nifty50 bulls are not ready to give up; pulse is positive

Nifty50 fixed below 15,800 on Wednesday, although it formed a small bullish candle on the daily chart. Analysts noted that the index showed recovery in the last couple of sessions after seeing the beginning of the gap down, which is a positive thing. In addition, they noted that the selling pressure is quenched near the key moving average. Analysts note that the dynamics remains positive. “In…

View On WordPress

[pranabbanerjee]

Technical view: Nifty forms a small bullish candle; possible revision of the level of 16000

Technical view: Nifty forms a small bullish candle; possible revision of the level of 16000

Nifty50 Tuesday ended slightly higher and formed a small bullish candle on the daily chart. Analysts say the positive close after a gap-down start was positive. They expect the index to test the 16,000 level in the coming days. According to them, the index’s support remains at 15,700. During the day, selling pressure was absorbed near key hourly moving averages, said Gaurav Ratnaparki, head of…

View On WordPress

[pranabbanerjee]

Technical view: Nifty50 bulls expect more gains, 15,850 key hurdles ahead

Technical view: Nifty50 bulls expect more gains, 15,850 key hurdles ahead

Nifty50 the gap started on Friday, but it failed to significantly increase profits. As a result, the index formed a small bullish candle on the daily chart. As a result, a Harami candlestick formed on the weekly chart. The weekly pattern is a bullish reversal pattern and one would expect the Nifty50 to see some gains in the coming days, said independent analyst Manish Shah. “On the daily chart,…

View On WordPress