Tech View: Nifty forms Falling Wedge pattern on a shorter timeframe. What should traders do on Tuesday?

Tech View: Nifty forms Falling Wedge pattern on a shorter timeframe. What should traders do on Tuesday?

Indian markets broke their 8-session falling streak after recovering from day’s low, thanks to the heavy lifting done by HDFC Bank while getting support from Reliance Industries (RIL) and Bajaj Finance. While the 30-stock S&P BSE Sensex finished at 75,996.86, gaining by 57.65 points or 0.08%, the broader Nifty rose by 30.25 points or 0.13% … Read more

Tech view: Nifty forms green candle, eyes breakout above 23,500. How to trade tomorrow

Tech view: Nifty forms green candle, eyes breakout above 23,500. How to trade tomorrow

A small green candle was formed on the daily chart with a long lower shadow. Technically, this market action could mean weakness in the market with range-bound action, which is also signaling the absence of sharp downside momentum from the swing highs. Previous bearish patterns like lower tops and bottoms are in the process of … Read more