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633faf34c5188.1665118004.Hot-Stock (1)

On the monthly chart, the Nifty formed an Outside bar candle which indicated an increase in the volatility of the prices.

On the weekly chart, prices have given a confirmation of the Hammer pattern by sustaining above the prior week high at the same time taking support from the 20-week SMA (simple moving average - 16,855).

Prices on daily time frame are maintaining higher top, higher bottom pattern while sustaining above 5-day high.

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