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Weakness

KNR CONSTRUCTION - Stay Cautious!Overview & Observation: 1. DOJI breakout candle. 2. RSI is showing weakness in buying strength. 3. Momentum can be slow. Trade Plan: 1. I will avoid 2. RRR is not favourable. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:KNRCON
by SuperNova396
Momentum in Bank Nifty? Check Bank Nifty simple analysisTodays gap up opening gave hint of momentum and later or bank nifty proved with bullish momentum after 2 hours of bearish flow. 45600 is still a acting as major support for buyers holding it from falling. Also pushed Bank nifty to safer zone but still unable to beat 46000 resistance. Post Analysis Arc shape recovery in BN gives a clear hint of bullishness in bank nifty but still tomorrow opening will be deciding factor for confirmation. To be strong on bullish side still 46000 need to beat by bank nifty. On bearish side sellers tried multiple times to break support of 45600 which makes it weaker to break. Also its trading below trend line. Support : 45600,45300,45000 Resistance : 46000,46300,46600 Note : Do your own analysis before making any trade or investment decesion.
NSE:BANKNIFTY
by Price_actiontaker14
Market Internals suggest WEAKNESSCNX500 Relative Strength Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023 - I am watching this Ratio Chart to turn down after Retesting a Confluence Zone - Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern - It signals Weakness in the Broad Market relative to the Index. - This Chart had Topped out in Sept 2022 and since then there has been Under the Hood Selling in the Market. This is a Leading Indicator of the Broad Market Strength/ Weakness And comes under the Study of Intermarket Analysis
NSE:CNX500Short
by T_Harth
SENSEX SHORTSo here is an analysis of another index 'SENSEX'. Let us understand price action of SENSEX in detail! (OPEN THE CHART FOR BETTER UNDERSTANDING) Firstly, if you have a look at the second last (green) candle here, it is clear that this candle was not able to sustain above a major resistance line (yellow line). Secondly, today the price shot up the major resistance line, but experienced selling pressure near its all time high (ATH) and wasn't able to sustain above the major resistance line. We can say that Sensex today gave a FAKEOUT (Fake breakout). In addition to that, Sensex formed a bearish engulfing pattern which shows weakness ahead. Talking about indicators, RSI is facing downward after showing weakness. Sensex is travelling in the upper band of the Bollinger Band, and hence it is due for a correction. (I haven't applied bollinger bands here as it will mess up the chart and it would get difficult for you to understand. You can put bollinger bands yourself and check) All this shows weakness in SENSEX, hence I would recommend being stock-specific FOLLOW IF YOU LIKE THE ANALYSIS. LIKE AND COMMENT WHAT YOU THINK ABOUT THIS. COMMENT IF YOU HAVE ANY DOUBT ON THIS ANALYSIS. THANKS
BSE:SENSEXShort
by Keshav2329