Tech View: Nifty forms bullish engulfing candle. What traders should do?
Wed, Feb 14, 2024 7:05 PM

Tech View: Nifty forms bullish engulfing candle. What traders should do?

A Flip by Avya Verma
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Nifty on Thursday ended 97 points higher to form a bullish engulfing candlestick pattern, which indicates a short-term bottom reversal for the index.The index is currently placed at the edge of breaking above the immediate hurdle of 21,850 level and a decisive move above this resistance is likely to pull Nifty towards 22,000-22,100 levels in the short term. Immediate support is at 21,720 level.

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