Candlestick patterns play a key role in identifying reversals in the markets and traders who know how to use them correctly have an ultimat...

Gaurav Ratnaparkhi of Sharekhan said Nifty filled up the gap area between 11,452 and 11,507 levels, which was created recently on the daily...

Analysts said the short term-trend of the index has turned negative and a follow-up selling on Tuesday could confirm a trend reversal.

Analysts on Dalal Street believe the upside may remain capped in the coming sessions.

A consolidation phase looks on the cards, analysts said.

The index is at an all-high level and the economy is at its lowest in several quarters.

For the day, the index closed 135.60 points, or 1.14 per cent, down at 11,811.

Arun Kumar of Reliance Securities said the near-term oscillators have triggered a ‘sell’ call.

Gaurav Ratnaparkhi said the price action over the past 3 days showed a pattern called Pop Gun.

Nifty has seen an alternative candle formation of red and green in the last few weeks.

Analysts believe the index might have missed a chance to stage a strong pullback.

What now appears on the daily chart is a formation called the ‘Bearish Engulfing' pattern, which suggests further downside is likely on the...

‘Bearish Engulfing’ candlestick pattern suggests the bears were able to regain control on the market after rangebound activity in the last ...

A ‘Bearish Engulfing Pattern’ is a two-candlestick pattern, wherein a small green candlestick, followed by a large red candlestick which ‘e...

Bearish Engulfing candlestick formation consists of a small green candle followed by a large black or red candlestick, which ‘engulfs’ the ...

The large bearish candle made on Monday eclipses or 'engulfs' the small green ones made in the last three sessions, leading to an overarchi...

The large bearish candle made on Monday 'engulfs' the small green ones made in the last three sessions, leading to an overarching bearish e...