Let's find out outperforming stock in this downtrend. As you can see Nifty50 is now trading below 2008 trendline hence Outperforming stocks are those stocks which are holding 2008 trendline( Trading above it).
So I am going to find 10 outperforming stock and 10 underperforming stock for study.
NIFTY AT CLUSTER SUPPORT + OVERSOLD ON RSI + CHANGE IN POLARITY SUPPORT + TREND CHANNEL LOWER SUPPORT + LONG LOWER WICK. CAN WE EXPECT THIS IS COULD BE THE BOTTOM?
IF NIFTY BREAK THIS SUPPORT THEN WE CAN HAVE ONLY A FINAL SUPPORT @ 6145 BEFORE IT GO DOWN TO 4611 & 2263.
Hindunilever looks overbought from current zone 2154, I am expecting downside for target 1650,1500 and some more. Almost FMCG sector is looking weak. But i am personnely confident on HUL.NSE:HINDUNILVR
Key Levels for NIFTY 50 are :
Please trade with caution and consult your financial adviser before trading.
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Market analysis: Nifty has formed a double top near the 10760 level. So until nifty is below 11960 market will be moving head towards 9400. Let wait and see what the market does in the coming days. Cheers!
After the craziest fall, nifty is pulling back. So where to short a pullback?
A - Bearish Flag Breakout
B - Price Percentage Change Projection
C - Traditional Price Range Method
D - Retracement...
Hi all !!
I have been posting to warn the retail investors foreseeing the risks in the markets. Here is NIFTY 50 for you.
With my technical analysis , the NIFTY 50 uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels.
Peak Price: 22,430
Current Price: 9,500
Market Bottom Level
Follow Chart Instruction.
As per NREWT, Nifty Should Reverse from 6825-45
which can be confirmed tomorrow on break of 7548 level.
Be Caution from Shorting, Dis Investment at these Level.
Use these levels for Investment Purpose.
TCS Breakout bearish traingle and move toward 5 th wave (Final wave ) we can see Target toward 0.6 fib level target toward at 1500-1456
Take entry according to the charts and use proper stoploss i make it with red line