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Showing posts from June, 2026

Shooting Star / Inverted Hammer pattern giving warning sign at 24150 resistance zone.

 Nifty formed inverted hammer/shooting star formation in end of day charts today.  this kind of formation at key resistance zone indicating that there could be more downside move ahead in coming sessions. Hence, keep strict stoploss. Next key support level to be watched on closing basis is at 23950. Close below this level gives more strength to Bears. Keep strict stoploss. regards, suryadev bandari research analyst  

Rising Wedge pattern in NIfty. 23650 looks possible in coming days.

 Nifty cmp 24110.  Rising Wedge pattern visible. 23650 looks possible in coming days. stay alert. regards, suryadev bandari research analyst