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HANGING MAN CANDLE
Tech View: Nifty50 forms indecisive candle but further upside possible"The NSE barometer has reached its daily upper Bollinger Band as well as the upper end of a rising channel. In terms of the Fibonacci retra...
Trade Setup: Nifty looks upbeat; use any bounce to protect profitOn Wednesday, Nifty is likely to face potential resistance at 12,930 and 12,980 levels, while supports will come in much lower at 12,850 an...
Tech View: Nifty confirms pause in momentum, eyes 12,800 for revivalWhile the index did not breach last Wednesday’s intraday low of 12,571 to confirm weakness on the price chart, certain momentum oscillators...
Tech View: Nifty forms ‘Hanging Man’ pattern, signals possible trend reversalDuring the day, the index recovered some ground after testing its five-day EMA.
Tech View: Nifty forms ‘Hanging Man’ candle, signals exhaustion among bullsNifty’s sustenance above 11,784 level is critical for the index to maintain a positive bias.
Tech View: Nifty forms Hanging Man on weekly chart; 11,800 a key hurdleChances are Nifty50 index may move towards the 10,850-870 range by next week.
Tech View: Nifty setup bearish, signals possible consolidationA bearish candle on Thursday’s daily charts made the case stronger for rangebound trade ahead.
Tech View: Nifty forms Hanging Man-like pattern; trade with cautionTraders are advised to remain long by trailing their stop at below 10,800 on a closing basis.
Hanging Man shows warning sign of a potential trend reversalThe Nifty futures may find support around 11,413 and 11,602 on the downside.
Nifty trading range for the week at 10,533–10,876Nifty futures chart has made ‘Hanging Man pattern’ in weekly chart.
Tech view: Nifty’s Hanging Man kind of pattern signals likely pauseGoing ahead, the 10,500 level should act as immediate support for the Nifty50 index.
Tech view: Nifty forms Hanging Man; trend reversal is possibleThe Nifty opened the session at 10,461, which also turned out to be its intraday high.
Tech view: Nifty forms Hanging Man pattern; no breakout seenThe positive closing in the previous 3 weeks was not strong enough to register a breakout.
Tech View: Nifty50 forms ‘Hanging Man’ pattern; bulls look exhaustedExperts said that the market is likely to continue correction for a couple of more sessions.
Tech view: Nifty forms Hanging Man pattern, may be nearing immediate topIn a ‘Hanging Man’ pattern, there is a small real body at the upper end of the candle.
Tech view: Nifty50 chart shows ‘Hanging Man’ pattern in first sign of trend reversalGoing ahead, the index would face resistance at around 8,820 level, while the immediate support for the NSE barometer exists at around 8,70...
Tech View: Bulls lose momentum; Nifty50 forms 'Hanging Man' on chartsThe Nifty50 moved in an extremely narrow range of 35 points before signing off the day with a 'Hanging Man' kind of formation ahead of the ...
Tech view: ‘Hanging Man’ pattern on Nifty charts; trade with cautionA ‘Bearish Belt Hold’ pattern gets formed when the opening price becomes the highest point of the trading day, which means there is no uppe...
Tech view: Nifty50 forms ‘Hanging Man’ kind of pattern; reversal likely?A ‘Hanging Man’ is a bearish reversal candlestick pattern that is formed at the end of an uptrend or at the top just like the one registere...
Tech view: Nifty50 forms ‘Hanging Man’ pattern; 8,540 level key for bullsThe Nifty50 opened at 8,694 and then slipped into an intraday low of 8,647, forming a long lower shadow. It hit a high of 8,696, which was ...