Bank Nifty overall has been getting hammered over the past couple of weeks and I am expecting some further weakness with the increase in the moratorium period by 3 months. The next support for AXIS BANK is 324.
With the strong recovery of the pharma sector, Glenmark is at the pre-virus levels and has been attempting to breakout of the range. The sector has been in consolidation for several days and it may attempt a breakout to slightly higher levels. The pharma sector may not face sell offs in the midst of the pandemic, in my opinion.
China has reportedly claimed it has had no new coronavirus deaths and only three imported infectious cases as of last week. Authorities have shut down gyms and swimming pools in Beijing amid fears the country is vulnerable to the second wave of coronavirus. In the city of Harbin, more than 70 people have been infected and over 4,000 are being tested after the...
US President Donald Trump has warned that as many as 100,000 people could die of coronavirus in the US.
Speaking at a two-hour virtual "town hall", Mr Trump also denied that his administration had acted too slowly.
More than 67,000 people have already died with Covid-19 in the US.
But Mr Trump expressed optimism about the development of a vaccine, suggesting...
The stock has recovered sharply and has found support at the pre-virus high point. It has also been in consolidation for the past few days, and may continue on it's upward trend this week. Keep an eye on the stock. The support level is at 610-615 zone. Expecting a breakout above 650 this week.
Pharma sector has been a strong performer in this crash and will...
Hey guys welcome for a fresh update.
Ok so this one is the most important chart right now which only few people are looking at, and i think this is the most precise chart to know the current Corona situation.
As most of the people giving importance to only total cases chart, here i subtract recovered cases from total so that we can get the best view for...
Overall Bullish Movement expected,
2 month bearish Channel Break is visible with 9-day exponential moving average cut from below.
RSI and stochastic suggest a bullish movement.
Resistance at 10000 (if bear market, retracement till 8750, 8550 levels)
Due to Hydrocholorquine drug demand by other countries can expect positive movement for pharma stocks.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
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If any positive new related to Coronavirus (COVID-19), the price not bounce from daily ATR. The plotted channel is range of future move and untill solution.
We have keep patience and understand the increasing affected number of people.: