Tech View: Nifty forms shooting star candle, consolidation likely to continue. How to trade on FridayA small negative candle with a long upper shadow on the daily chart suggests a false breakout above 25,500. This sharp rejection from new h...
19 Sep, 2024, 06.23 PM IST
Nifty forms a Shooting Star pattern on weekly charts. Time to turn cautious?The Nifty50 formed a bearish reversal pattern due to a shooting star pattern on its weekly chart and saw a decrease in FII long-short ratio...
07 May, 2023, 12.04 PM IST
Tech View: Nifty forms bearish candle, shows signs of weaknessAnalysts said Nifty recently saw a breakout from its consolidation band, but in absence of followup buying, it may go back to a broad tradi...
20 May, 2021, 06.43 PM IST
Tech View: Nifty50 forms a Shooting Star pattern, signals weakness aheadIndependent analyst Manish Shah said the index has broken below a minor Double Top pattern on the intraday charts. "A steady drift down tow...
20 Nov, 2020, 06.39 AM IST
Trade setup: Nifty still not out of congestion zone; stay cautiousA candle closely resembling a ‘Shooting Star’ was formed on the charts on Thursday.
27 Jun, 2019, 09.20 PM IST
Tech view: Nifty50 forms Shooting Star pattern, faces big hurdle at higher levelsThere is a possibility of a minor downward correction next week, expert said.
15 Mar, 2019, 05.55 PM IST
Tech view: Nifty forms long-legged Doji, suggests indecisiveness on D-StThe Nifty50 index needs to hold above immediate support at 11,640 for any further upside.
31 Aug, 2018, 05.17 PM IST
Tech view: Nifty50 forms 'Shooting Star' pattern; needs to hold 10,777Weekly charts show intra-week dips are getting bought into, as has happened on many occasions.
06 Jul, 2018, 05.49 PM IST
Tech view: Nifty50 forms Shooting Star pattern; minor correction aheadThe Nifty50 index has to hold above 9,980 to witness an upward move towards 10,100.
27 Jul, 2017, 06.23 PM IST
Tech view: Nifty50 forms ‘Shooting Star’ pattern; shows traders uneasyAnalysts pointed out that even the advance-decline ratio was skewed in favour of the bears.
11 Jul, 2017, 05.09 PM IST
Tech view: Nifty forms Shooting Star; selling pressure may riseThe index closed below its 5-day exponential moving average at 9,455, a critical support.
18 May, 2017, 05.42 PM IST
Tech view: Market in bear grip! Nifty50 forms 'Shooting Star' pattern on chartsTraders should remain cautious on Thursday as it could turn out to be a volatile trading day. A break below the 7,980 level could extend th...
28 Dec, 2016, 04.40 PM IST
Tech view: Nifty forms ‘Shooting Star’ pattern; tread with cautionTraders are suggested to capture the stock specific action in the market as both the indices like Nifty and Bank Nifty has got in the broad...
15 Dec, 2016, 05.17 PM IST
Tech view: Nifty50 forms ‘Shooting Star’ formation; maintain cautionIt is critical for Nifty to sustain above the 8,100 level. But for an uptrend to sustain, it should ideally close above its 200-day SMA pla...
30 Nov, 2016, 09.32 AM IST
Tech view: Nifty50 forms ‘Shooting Star’ pattern; 8,614 level key for bullsThis pattern is usually formed in an uptrend and is treated as a reversal pattern. Investors should remain cautious even when the trend rem...
10 Nov, 2016, 05.18 PM IST
Tech view: Nifty50 forms 'Shooting Star' pattern; time to turn cautious?As long as Nifty sustains above 8,700, any dip can be bought into. But a close below the 8,700 will raise doubts about the sustainability o...
31 Aug, 2016, 04.43 PM IST
Tech view: Nifty50 forms ‘Shooting Star’ on charts; buy stocks on dipsIn the process, the index formed a ‘Shooting Star’ pattern on the daily candlestick charts and a ‘bullish belt hold’ pattern on the weekly ...
02 Jul, 2016, 10.30 AM IST