Tech View: Hammer candle on Nifty charts signals active buying at lows
SECTIONS
Share
Synopsis
Analysts said it was testing of the 14,200 level that brought buying on Nifty50 at lows. This level has been offering strong support to the index for the past few weeks and will do so in the immediate future, they said.
Shutterstock.com
Independent analyst Manish Shah said the context and the location of Monday’s Hammer suggest that the buyers were active in the market.
Related
NEW DELHI: Nifty50 tumbled over 250 points on Monday, but formed a Bullish Hammer candle on the daily scale, suggesting that intraday selling was bought into.

Related Keywords

Rohit Singre , Mazhar Mohammad , Manish Shah , , Bullish Hammer , Nse , Hammer Candle , Hammer , Resistance Level , Nifty Analysis , Post Marekt , Nifty , மழற் முகமது , மனிஷ் ஷா , ந்ஸ் , சுத்தி , எதிர்ப்பு நிலை , நிஃப்டி பகுப்பாய்வு , நிஃப்டி ,