Nifty made Harami white pattern on weekly chart which occurs when there is a large bullish green candle on Day 1 followed by a smaller bearish or bullish candle on Day 2. This is a sign that uncertainty could be entering the market. when this type of patterns seen on weekly chart then traders or investors have to go for buy on next day opening or on closing above the downtrend resistance or trendline which can be support for next trading sessions. A Harami white pattern and a trendline break is a combination that potentially could results in a buy signal. so trade accordingly given below these level .this is for my personal study not for trading.
Closed @ 8139
Closed @ 8139
20EMA @ 8188
50EMA @ 8314
200 EMA@ 8284
Resistance: 8236,8273,8377,8551
Support: 8084,7916,7816
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