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Nifty forms Hanging Man candle near all-time high
Normally, this pattern is an indication of exhaustion of the trend; The current price action with higher volume shows very little chance for a...
Daily MACD indicates fresh buy signal
Even though Nifty negates previous bearish implications by closing above prior high, there are some cautions available at the current level
Nifty's long-term trend still on downside
The only positive factor is that the last bar closed above the prior bar high
17,944-17,452 important zone for week ahead
In any case, Nifty fails to move above Wednesday's high 17,884 and declines below 17452; Market structure will change to lower high and lower low,...
