Hi All.....
Though the bias for Nifty is sceptical..... On hourly charts its giving multiple divergences, which is usually followed by at least a relief rally. Along with divergences Nifty hourly charts has given a Hammer Pattern at a support area near 5660-80.....
Hammer is supposed to be one of the most popular Candlestick patterns (eastern technical tool, ofcourse from Japan)...
Hurdles on the upside near 5730-40-5780-5830....
Supports near 5660-5600...
Though the bias for Nifty is sceptical..... On hourly charts its giving multiple divergences, which is usually followed by at least a relief rally. Along with divergences Nifty hourly charts has given a Hammer Pattern at a support area near 5660-80.....
Hammer is supposed to be one of the most popular Candlestick patterns (eastern technical tool, ofcourse from Japan)...
Hurdles on the upside near 5730-40-5780-5830....
Supports near 5660-5600...
1 comment:
Yeah Nifty sticking well with the Lower bollinger band. I like Mandi
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