Nifty 5 daily chart shows the formation of a Dragonfly Doji candlestick. This chart pattern is an indication of a potential ...
a candlestick pattern that often signals a bullish reversal. Dragonfly Doji is characterized by a long lower wick and a small body at the top. This suggests that after a period of intense selling ...
Though the overall structure is weak, if the Nifty 50 manages to climb above 23,000 and sustain that level, 23,200 (20-day ...
The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 22,960 ...
After a wild session marked by high volatility on Wednesday, the early Gift Nifty trend predicted a tranquil start for the ...
The bearish lower tops and bottoms is intact and the current pullback rally could possibly open another lower top formation in ... the previous session’s Dragonfly Doji formation.
Giving his take on yesterday's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty witnessed another ...
Om Mehra, Technical Analyst, SAMCO Securities, noted that on the daily chart, Nifty 50 formed a Dragonfly Doji, reflecting indecision. “The daily RSI has slipped to 40, signalling a decline in ...
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The index formed a Long Legged Doji candlestick pattern on the daily charts after a sharp decline, indicating indecision among bulls and bears, but raising the possibility of a bottom reversal.
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