The formation of a third consecutive long bull candle on the weekly chart indicates a bullish “three advancing soldiers” pattern, signaling the continuation of the uptrend. This pattern suggests strong upward momentum and potential for further gains in the market.
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty200 pack, 10 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 23, according to stockedge.com’s technical scan data.