Tech view: Bullish reversal on Nifty hinges on sustained breakout. How to trade tomorrow

January 21, 2025

The Nifty index formed a bearish engulfing pattern, signaling potential bearish momentum below the 23,000 support level. Resistance lies at 23,300–23,500, requiring a breakout to confirm bullish reversal amid volatile conditions.

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Positive Breakout: These 5 stocks cross above their 200 DMAs

In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on March 07, according to stockedge.com’s technical scan data.

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