Tech view: Nifty faces bearish reversal, key support at 22,800. How to trade on Monday
A long bear candle was formed on the weekly chart, which indicates a reversal on the downside after the two weeks of upside bounce. The negative chart pattern like lower tops and bottoms is in force as per the daily and weekly time frame chart. A decisive move below the support of 22,800 levels could […]
Tech view: Nifty charts indicate bullish counterattack. How to trade on Wednesday
A small positive candle was formed on Nifty’s daily chart with minor upper and lower ranges. Technically, this market action indicates a counter-attack by bulls after an attempt at a false downside breakout of the range movement. The crucial 200-day EMA is in the limelight again. After moving below this average on Monday, Nifty failed […]