Normally, this pattern is an indication of exhaustion of the trend; The current price action with higher volume shows very little chance for a...
The index unsuccessful in crossing previous swing high; It has been trading above 50DMA for last 7 sessions
VIX is down by 3%; Nifty recovered over 100 pts in last one hour of trading; The index needs close above 19,875 with volume support for uptrend to...
RSI in bullish zone; MACD histogram shows a flat momentum and VIX is up by 0.70%
RSI below 50 zone; The last 3 sessions of price actions were not convincing to be strongly bullish as Nifty formed lower high candles
Stay on sidelines as long as it trades above 19695 and below 19875. We may not get good trades in this zone. Stay calm
RSI (60.56) entered into the strong bullish zone; But, Shooting Star candle at the swing high shows exhaustion and tiredness in the trend
The current swing is 14-day-old and is the longest swing in recent times; Nifty closed near the day’s high and formed a hanging man like candle