Nifty Daily Heikin Ashi candle chart:
Yesterday daily chart neatly provided support when the market was falling. This can be seen in the daily chart above. The line drawn connecting the tip of the current up move and the bottom of the previous fall acted as the channel support. Need to observe how market will trend today. If market can stay above 5343.71 which is yesterday's Heikin Ashi low, the possibility of up move continues.
Nifty hourly Heikin Ashi candle chart:
Yesterday daily chart neatly provided support when the market was falling. This can be seen in the daily chart above. The line drawn connecting the tip of the current up move and the bottom of the previous fall acted as the channel support. Need to observe how market will trend today. If market can stay above 5343.71 which is yesterday's Heikin Ashi low, the possibility of up move continues.
Nifty hourly Heikin Ashi candle chart:
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