The analysis is based on simple institution manipulation. After the merger of HDFC and HDFC Bank, retailer participation increased two folds which acts as an opportunity for institution to fill their orders.
TECHM gave a breakdown from a rising wedge pattern which is a bearish pattern.
Most of the time first it gives a fakeout and then a breakdown same happened here today in tehm
RSI going weak
MACD going bearish.
You can make your short positions on a retracement or pullback
Indian Oil Corporation as seen on the 1-hour time frame has been putting in higher prices.
The last place composite man (Institutions) sold In was at 103.55 and pushed prices higher to 113.70. Price has created imbalances as it pushed higher and a Demand Zone which has not been mitigated yet. We can expect prices to come back into the demand zone near 104 and may...
Nippon India Mutual Fund Bought about 66,08,595 share of Finolex Chemical Ltd. at 45.2 which is 6% of the total traded volume of the day. i think this stock is gonna open tomorrow with the gain of 4-5%. so keep on this stock radar.