Tech view: Nifty forms small bearish candle but weekly charts bullish
Tech view: Nifty forms small bearish candle but weekly charts bullish
The Nifty50 on Friday fell short a fresh closing high and snapped a four-day winning streak. The index formed a small bearish candle on the daily chart, but made a robust bull candle on a weekly basis.
"This kind of price action can be due to a combination of factors like low conviction at higher levels ahead of the weekend as traders do not like to carry forward positions in uncertain times," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewin ..
"This kind of price action can be due to a combination of factors like low conviction at higher levels ahead of the weekend as traders do not like to carry forward positions in uncertain times," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewin ..
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