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WHY NIFTY WENT UPWARDS TODAY - 28/04/23

Indice NIFTY 50 (NSE:NIFTY)  
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NSE:NIFTY   Indice NIFTY 50
Support and Resistance Chart Patterns Candlestick Analysis NIFTY Technical Analysis candlestickpattern supportandresistancezones trading niftytrend
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supportandresistance chartpattern candlestick nifty technicalanalysis candlestickpattern supportandresistancezones trading niftytrend
  • Nifty took support twice from yesterday's resistance zone (resistance was tested twice yesterday)

  • Cradle pattern involving doji, hammer, hanging man was formed in the middle of the day indicating upcoming sudden directional movement which came later in the day

Commentaire:
Commentaire:
there is also the volume surge occurred right after the reversal from the previous day support line which made the upward move even more stronger during the end of the day
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