Angel One has introduced a chart-integrated feature offering real-time trading signals for Indian equities and derivatives, ...

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,412 level, a discount of nearly 49 points from the Nifty futures’ previous ...

Technical analysis-an analysis of historical price action and chart patterns-is one of the main methods to predict price direction. Candlestick analysis, a part of technical analysis, allows ...

Candlestick charts are one of the most popular components ... culminating in an obvious win for buyers. The piercing line is also a two-candlestick pattern, made up of a long red candle, followed by a ...

The Nifty formed a piercing-line candlestick pattern, suggesting strength. However, it faces resistance near the bearish gap of 22,668–22,720. Immediate support for the Nifty is placed near 22,300. A ...

Candlestick charts give traders an easy-to-read snapshot ... Dark Cloud Cover is the opposite of the Piercing Line pattern. Some patterns simply reflect indecision in the market.

Source: TradePoint, Definedge Securities A Piercing Candlestick pattern on its weekly chart suggests a possible change in trend, particularly as the index has approached key support levels like ...

Uptrend candlestick chart patterns usually form after an uptrend ... spinning top, morning star, piercing line, and other candle patterns that signal uptrends, downtrends, trend reversals, or ...

The Nifty 50 is now seen quoting around 24,500 levels. Technically, the Nifty saw follow-up buying after forming a piercing line candle on Tuesday on the daily chart, and it confirmed the pattern by ...

Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas, noted that on the daily charts, Nifty 50 formed a Piercing line candle stick pattern which has bullish implications.