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...
Confirmation still due for Shooting Star
The index unsuccessful in crossing previous swing high; It has been trading above 50DMA for last 7 sessions
Nifty forms Hanging Man candle
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...
Wait for a decisive range breakout
RSI in bullish zone; MACD histogram shows a flat momentum and VIX is up by 0.70%
MACD shows decline in momentum
RSI below 50 zone; The last 3 sessions of price actions were not convincing to be strongly bullish as Nifty formed lower high candles
Nifty yet to form bearish bias as of now
Stay on sidelines as long as it trades above 19695 and below 19875. We may not get good trades in this zone. Stay calm
MACD shows strong momentum
RSI (60.56) entered into the strong bullish zone; But, Shooting Star candle at the swing high shows exhaustion and tiredness in the trend
How long counter rally will continue?
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