On the positive side, it has remained above the 50-day moving average and formed a megaphone chart pattern. This pattern is made up of two ascending and diverging trendlines. In most cases ...

On the weekly chart, Nifty formed a bearish engulfing-type pattern, signaling a possible trend reversal. “If the weakness continues, Nifty could slide toward 23,600," Shetti said, adding that ...

On the weekly timeframe, the index fell 1.4 percent and formed a long bearish candlestick resembling a Bearish Engulfing pattern (though not a classical one). The formation of such a pattern after ...

However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend ...

With the broader structure staying sideways and a hint of bearishness ... Given the overall chart pattern, the analysis suggests a favourable long trading opportunity for investors.

Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty 50 chart shows a Dark Cloud Cover candlestick pattern formation. The chart pattern indicates increased fear among traders.

There was no strength in the upside momentum to break out of the range. The overall chart pattern signal formation of rising wedge type pattern at the highs. Technically, such rising wedge ...

Entry is done when price breaks above the resistance level, which was formed at the beginning of the pattern. The target is set by measuring the depth of the pattern ( depth from breakout level to ...

According to Trader Tardigrade, Dogecoin has formed an inverse head and shoulders pattern on the hourly chart, which is widely recognized as a bullish technical indicator suggesting a potential upward ...

"The index formed a bearish engulfing pattern on the daily chart, signaling a pause or short-term reversal in the uptrend. However, Nifty still holds above all the key moving averages, keeping the ...

If you are agnostic of what you’re looking at and if it were just a simple diagram of the shape of a chart pattern, it would say what’s developing here is a descending triangle pattern ...