On a day when major Indian Indices saw major rallies, Nifty 50 Equal Weighted Index grew over 9% in a single session! This shows the true strength of the rally that we witnessed today. In a traditional market capitalization-weighted index, stocks with larger market capitalizations have a more significant impact on the index's performance. In contrast, an...
This chart has given a breakout and it looks as if Nifty 50 will follow it. today was a very volatile day for the markets, yet it held on. US-China tension did not affect the index as such. Nifty 50 Equal Weighted Index is an index which gives equal weights to all stocks in it. Traditionally, different stocks have different weightage.
LETS WILL WAIT FOR THE BREAK OUT , huge selling and buying pressure has been formed , a patterns has formed , lets wait for the better conformation
In the loving memory of my child Muffin I present you this chart analysis....please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ... you can ask me any...
n the loving memory of my child Muffin I present you this chart analysis....please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ... you can ask me any thing...
While Nifty has broken out and Bank Nifty is trading above important levels and IT continue to shine, the Equal Weight Index has broken down along with Nifty Mid Cap, Nifty Small Cap and broader market Nifty 500. While there is a silver lining in them taking support at important moving average, given they have broken down on relative performance chart, all it does...
Nifty Equal Weight has made a new high today
Price has formed continuation H&S pattern. Let's see if it breaks on the upside.
Red :- Support/resistance 1 day chart Yellow :- Support/resistance 1 hour chart Purple :- trend line 15 mins