Quite likely we had started at-least an intermediate downtrend on Nasdaq. Monthly bearish engulfing candles don't give comfort . While i don't think the market has turned ultra bearish, as yet, the. trend possibly has changed for the medium term
Looks weak for currently- closing basis must be above 370 then only a good option to long other wise , bearish for the short term. support zone , 369-68
Nifty is bearish in weekly and monthly chart. But in daily chart, it took support from 100 EMA and might bounce back in the coming few sessions till 12100-12150 zone which is a strong sell zone. This might be the last opportunity for traders and investors to book profit in their long positions. Once Nifty starts trading below 100 EMA in the daily chart, next...
ITC Limited is always a positive trend stock and the consumer will increase on daily basis, since major people cannot avoid cigarette once they addicted to it. I did deep dive analysis in ITC and noticed, deep fall in it as per technicals. It was one of challenging analysis in technical in recent times for me, since the analysis is opposite to what it is...