Nifty Weekly View
Bulls
retained charge on Dalal Street Friday as the Nifty closed above its crucial
resistance 10,650 levels, driven by follow-up buying amid positive global cues
and rupee appreciation. The index formed bullish candle on the daily charts and
Hanging Man kind of pattern on the weekly charts. A Hanging Man is a bearish
reversal candlestick pattern which is usually formed at the end of an uptrend
or at the top (more than 650-point rally from its recent low of 10,004 recorded
on October 26).
Weekly Chart
Missed call
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