[ad_1] nifty 50 Rose rose for the third consecutive session on Friday but formed a bearish candlestick on the daily chart that looked like a hanging man. The 50 pack index managed to close above the 16,200 level. Analysts say as long as the index stays above 16,170, the momentum remains positive. Mazhar Mohamed of chartviewindia.in said that Nifty 50 registered an uncertain hanging man candle despite strong gaps. He added that the lower shadow of the candle should have been slightly longer to qualify as a perfect ‘Hanging Man’…
Tag: candle
Nifty 50: Tech View: Nifty 50 forms a bullish candle, sends positive signals
[ad_1] New Delhi: Nifty 50 broke the 16,000 mark intraday for the second consecutive session on Wednesday, closing just below psychological levels. The index formed a bullish candle on the daily chart which almost took hold of the negative candle of the previous session. Technically, according to Nagraj Shetty, this indicates a disregard for bearish formation and indicates a positive bias for the market. HDFC Securities, “Short term trend of Nifty 50 has turned positive and the overall chart pattern indicates the possibility of a sharp upside breakout of the…
Tech View: Nifty Doji forms candle; consolidation in progress
[ad_1] nifty 50 Selling pressure was seen near the 15,900 level on Thursday as it finally closed near its opening levels, forming a long legged Doji on the daily chart. Such a candle indicates indecision among traders. Analysts said the index needs to move out of the 15,600-900 range for a directional move. Technical Research Analyst Nagraj Shetty said, a Doji is usually formed after a downtrend or an uptrend signal, which indicates a reversal of the trend. securities. But, the current Doji formation within a range movement has low…
Tech View: Nifty forms a small bullish candle; 16,000 level likely to be revisited
[ad_1] nifty 50 Tuesday ended with a slight rise and formed a minor bullish candle on the daily chart. Analysts say that the positive trend of the bandh after the start of the fall was positive. They see that the index is testing the 16,000 level in the coming days. He added that the support for the index remains at 15,700. Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan said that during the day, selling pressure was absorbed near the key hourly moving averages. The index saw a brief consolidation…
nifty50: Tech View: Nifty50 forms a bullish candle; More speed up possible on Wednesday
[ad_1] New Delhi: nifty 50 On Tuesday, there was a rise of about 2 percent and a bullish candle was formed on the daily chart. The index remained stuck in the range of 15,200-15,400 for the past few sessions. But Tuesday’s gap up opening helped the index cross the hurdle and enter the resistance area of 15,670-15,700. He added that though analysts see further upside potential, any such rally would be restricted in the 15,700-850 range. “The area of 15,670-15,700 was earlier acting as a support zone and is now…
DeFi Crash: DeFi Can’t Hold a Candle to the Centuries-Old Trust-Based System Called Hawala
[ad_1] In a history of dangerous naivete, the decentralized finance frenzy of 2021 will hold its own against the surge in collateralized debt obligations of 2007. The world had to face a financial crisis to be wiser CDO, which repackaged risky mortgage bonds to make them safer than before. “CDOs are nothing but a massive Ponzi scheme,” said the villain of a fictional account of the 2008 recession. How long would it take to learn that blockchain-based lending is equally reckless? The idea that one could bypass regulated intermediaries such…
Nifty: Tech View: Nifty forms short bearish candle; 15,670 level remains key support
[ad_1] New Delhi: Nifty 50 fell for the fourth consecutive day on Wednesday. It formed a short bearish candle on the daily chart with a long upper wick indicating selling at higher levels. Analysts said the index is respecting its support of 15,671 on a close basis and as long as it respects it, the possibility of some upside cannot be ruled out. If the level is breached, they see a move to support at the 15,400-300 level. Pride RatnaparkhiNifty 50 traded near the swing lows seen in March and…
Tech View: Rapidly rising candle in Nifty, index 16,800 . ready to leap towards
[ad_1] The NSE Nifty 50 index closed on a positive note on Thursday after falling for four consecutive days. In the process the index formed a bullish engulfing candle on the daily charts, indicating bullishness. nifty 50 Opened on a negative note at 16,263.85 and closed at 16,243.85 low. However, during the day, buying took place at lower levels to take the index higher to 16,492.80. Eventually it closed at 16,478.10, up 121.85 points or 0.74 per cent. Rupak Dey, Senior Technical Analyst , said the daily RSI is in…