Tag: Technical

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 […]

technical view: technical view: Nifty50 above 50-day SMA; possible further growth

New Delhi: Nifty50 closed above its 50-day simple moving average on Thursday and formed a bullish long wick candle on the daily chart. Analysts say that after the breakdown of the 15,900 level, the technical setup of the index looks positive. They believe a break above the 16150-175 range could attract further buying. During the […]

Nifty 50 Technical View: Nifty50 Forms a Bullish Candle and Sends Positive Signals

New Delhi: Nifty50 broke intraday 16,000 on Wednesday for the second straight session before closing just below the psychological level. The index formed a bullish candle on the daily chart, which almost engulfed the previous session’s negative candle. From a technical standpoint, this indicates a denial of the bearish formation and signals a positive forward […]

nifty50: technical view: Nifty50 sees strong sales; consolidation may continue

New Delhi: Nifty50 there was selling pressure on Tuesday once the price reached 16,000. The index wiped out all intraday gains, eventually forming a bearish candle on the daily chart with a long upper wick reflecting weakness at the high. Analysts say the index’s ongoing consolidation could continue, with the 15,650-750 levels likely to provide […]

Nifty 50: technical view: Nifty50 remains in a consolidation range; offset is positive

New Delhi: The Nifty50 broke a three-day losing streak on Monday, forming a bullish candle on the daily chart. Analysts say the index may remain in a positive-slope consolidation range until it breaks the 15,900 level decisively higher. They see strong support for the index at 15,700. The near-term trend of Nifty50 remains positive with […]

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 […]

Technical view: Nifty forms a Doji candle; consolidation is underway

Nifty50 Thursday saw selling pressure around the 15,900 level as it eventually closed near the opening levels, forming a long-legged doji on the daily chart. Such a candle indicates the indecision of traders. Analysts believe that for a directional movement, the index needs to get out of the range of 15,600-900 points. Usually, the formation […]

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 […]

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 […]

Technical view: after the disappointing gap, no additional buying will follow; 15 800 support key

Nifty50 on Monday rose for the third session in a row, but closed below the opening level, thus forming a bearish candle on the daily chart. Analysts say the inability to see follow-on buying after a gap-down start is disappointing. The index needs to hold above the 15,800 level for momentum to remain strong, they […]

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