2 results tagged #technical-analysis
The previous session formed a bullish hammer candlestick pattern, signaling strong support and buying interest at lower levels. PSU Banks led the charge with exceptional strength, showing an advance-decline ratio of 5.0 (10 advances vs 2 declines).
Market opened at 25,984, attempting recovery from Monday's weakness. Bulls tried to regain control, rallying to intraday high of 26,032—a 48-point bounce that generated temporary optimism.
