Tech View: Hammer candle on Nifty charts signals active buying at lows
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 t...
Source: indiatimes.com