Nifty has made a hammer on 25 October 2021 at its curial support line. Now, since the hammer at its support line, as per the technical analysis, its a sign of reversal of the trend and hence, I will be considering this as bullish pattern. The pattern will be invalid if the Nifty break lows of 25 October 2021.
PS: Always trade with SL and this view is my personal. If you intend to take any trade on the basis of above view kindly discuss with your FM before taking the trade.
PS: Always trade with SL and this view is my personal. If you intend to take any trade on the basis of above view kindly discuss with your FM before taking the trade.