Technicals
Shruti JadhavCategories: Flash News Investment App, Recommendations
Nifty retraced sharply after taking support at 50-EMA and formed a mostly bullish candle with almost no shadows. This is also a bullish engulfing at an intermediate low. A Doji on Tuesday indicated the tiredness of the bears and followed a flat close, which also suggested that downfall is halted for the time being.
Nifty retraced sharply after taking support at 50-EMA and formed a mostly bullish candle with almost no shadows. This is also a bullish engulfing at an intermediate low. A Doji on Tuesday indicated the tiredness of the bears and followed a flat close, which also suggested that downfall is halted for the time being.
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