This Candlestick Pattern suggests Nifty may consolidate in the near-term

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This Candlestick Pattern suggests Nifty may consolidate in the near-term - Business Standard

Quick Summary:

The Nifty has declined up to 7 per cent in the recent past instances after formation of the Bearish Counterattack Candlestick Pattern on the daily scale, shows technical chart.

In the subsequent 8 trading sessions the Nifty declined 3.5 per cent.

The NSE Nifty 50 index came within striking distance of the 25,000-landmark as the NSE benchmark hit a high of 24,999.75 in trades on Monday, July 29, 2024.