Nifty daily chart shows a Hanging Man chart pattern. Nifty RSI indicator is above 60. Nifty immediate support is at 24300 ...

Participants need to exercise some caution, as the rally so far has been swift. Moreover, a Hanging Man-like pattern formed ...

Nifty ended the Thursday expiry higher by 203 points to close above the 50 and 20-day SMA (Simple Moving Average) and form a small Hanging Man pattern ... long bear weekly candle of last week ...