Tech view: Nifty forms Doji candle on RIL AGM day, what traders should do on Tuesday

Tech view: Nifty forms Doji candle on RIL AGM day, what traders should do on Tuesday
    Uncategorized

The stock market saw Nifty closing 40 points higher, forming a small Doji candle on the charts. This pattern is often seen after a reasonable upmove or downmove, and suggests trend reversals. However, in this particular case, the Doji formation occurred alongside a negative candle from Friday, indicating range-bound action and little predictive value. Traders should exercise caution and closely monitor the market to make informed decisions on Tuesday.

Tags: , ,

Admin

Admin

Leave a Reply

Your email address will not be published. Required fields are marked *