Nifty technical charts

Nifty50 on Friday climbed for the sixth session in a row and, in the process, took out the 16,700 level on a closing basis. The index formed a bullish candle on the daily chart and a solid bullish candle on the weekly scale. Analysts…

NEW DELHI: The Nifty50 on Wednesday climbed for the fourth straight session and, in the process, topped the 16,500 level on a closing basis. That said, the index ended up forming an indecisive bearish candle on the daily chart after a…

The Nifty50 on Friday snapped a four-day losing streak and ended above its 50-day simple moving average. The index formed a bullish candle on the daily chart with a long-lower wick, suggesting a Hammer-like reversal candle. With this, the…

A bearish candle with upper and lower shadow signals a formation of a high wave type candle pattern, which reflects high volatility in the market. "Normally, a formation of such a pattern after a reasonable upside or decline indicates an…

Nifty50 on Tuesday formed a small bearish candle on the daily chart and moved below its 50-day simple moving average. Analysts said the index has failed to see a follow-up buying after recently breaking out of a strong hurdle. They believe…

Nifty50 on Friday formed a Hammer-like candle on the daily chart. On the weekly scale, it made a bearish candle with a long lower wick. Analysts said the index is in a consolidation range, wherein it has strong support in the 15,500-15,600…

Nifty50 on Thursday saw selling pressure near 15,900 level, as it eventually closed near its opening levels, forming a Long Legged Doji on the daily chart. Such a candle suggests indecisiveness among traders. Analysts said the index needs…

Nifty50 on Wednesday settled below the 15,800 mark, even as it formed a small bullish candle on the daily chart. Analysts noted that the index has been staging a recovery in the last couple of sessions after seeing gap-down starts, which is…

Nifty50 on Tuesday ended marginally higher and formed a small bullish candle on the daily chart. Analysts said a positive close after a gap-down start was positive. They see the index testing the 16,000 level in the coming days. Support for…

Nifty50 on Monday rose for the third straight session but closed below its opening level, thus forming a bearish candle on the daily chart. Analysts said failure to see a follow-up buying post a gap-down start was disappointing. The index…