January 24, 2021

Tech View: Nifty50 forms ‘Bearish Belt Hold’ in a negative formation

A gap-up start to the session at 14,247 proved the day’s high, as the index ended the day forming a ‘Bearish Belt Hold’ candle on the daily chart. Such a pattern reflects selling at the word go and, following indecisive candles, it is seen as a negative formation.

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