Nifty
made large bearish candle on daily chart and made inverted hammer on
weekly chart ,inverted hammer means buyer push the price higher
against the seller but as we are in uptrend on weekly chart and
bottom is rising and previous week we had gap up means all previous
data is still continuing uptrend so this inverted hammer patterns may
be because of some profit booking by trades so remain in trend and
do anlysis before taking any trade.
This
is for my personal study not for trading.
5DMA@
8878
20DMA@
8746
50
DMA @ 8583
NIFTY
RESISTANCE: 8884,8951
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