Inverted H&S breakout, the stock did bounced post retesting the neckline with volume and thus it seems open for higher levels
Stock on monthly charts broke symmetrical triangle with by forming cup & holder
Medplus cup & Holder breakout in the stock sustaining above 780 may take the stock to 1000 levels
SJS Enterprises Ltd is one of the leading players in the Indian decorative aesthetics industry in terms of revenue. It offers a "design-to-delivery" aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries. DII & Other...
Dow Jones fell more than 150 points on Friday after weak consumer sentiments added concerns about the health of the US economy. Week ahead The spotlight will be on speeches by several Fed officials and retail trade data, followed by industrial production and several housing indicators. It will be interesting to watch, how markets will perceive the clean sweep...
Maruti breaches 9000 mark for 1st time in 13 weeks with flag & pole breakout
Markets a head Dow closed 540 points higher on Friday boosted by a sharp rebound in regional banks and solid jobs report. On the data front, the US nonfarm payrolls and wage growth accelerated more than expected in April indicating that the US economy remains strong despite FED rate-hike cycle. Week a head Inflation figures are scheduled to be released in...
A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences. Bollinger Bands are a highly popular technique. Many traders believe the closer the prices move to the upper band, the...
IEX on weekly charts forming bottom line descending triangle and on the daily charts forming Bullish mat hold
#Reliance forming #Inverse Head & Shoulder pattern open for targets of 2600+ Dear Readers, How to identify Inverse Head and Shoulders An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough...
Rites on the verge of flag & pole breakout after retracement of Symmetrical breakout.
Week a head for Markets #Data Heavy #Earnings Heavy Earnings season have kicked off and next week in US: Microsoft, Alphabet, Facebook, Amazon, Coca-Cola, Visa, Boeing, Mastercard, and Exxon Mobil set to announce the results. Earning reaction Indian markets on Monday will first react to Reliance Industries and ICICI Bank quarterly numbers announced over the...
Domestic and global market wrap up March on positive note, Dow rose more than 400 points while the S&P 500 and Nasdaq added 1.4% and 1.7%, respectively. Whereas, Indian markets ended FY23 on a strong note with nearly 2% jump on Friday. Stock markets will remain closed for two days this week on account of public holidays. exchanges will not function on April 4...
Company has emerged as Lowest Bidder (L1) for a Government project worth INR 1,364.47 Crores (excluding GST) of “Construction of State of the art High Rise Office Building” at Surat, Gujarat for Surat Municipal Corporation.
Busy week ahead US with center stage taken by labour market report, FOMC meeting minutes, ISM manufacturing and services PMI, foreign trade, factory orders, and Jolts Job Openings. December- Inflation Data will be released for Euro Area, Germany, France, Netherlands, Turkey, Switzerland, Philippines, and Indonesia. Investor to brace manufacturing PMIs from...
Mounting recession worries amid aggressive policy tightening by major central banks lead to a global recession risk next year. Market discounting the risk and have fallen over 3% from its 52% high. Week ahead It will be a busy week in the US with the most important releases including the PCE price index, personal income and spending, CB, and the University of...
The latest EIA data showed crude stocks fell by 5.187 million barrels last week, while analysts expected a 3.305 million drop. Still, fears about a potential global recession-driven demand downturn continued to hang over the market. On the supply front, OPEC+ decided to stick to their existing policy of reducing oil output by 2 million barrels a day from November...
US Markets Stronger-than-expected jobs data cooled expectations that the Federal Reserve will soon slow its tightening campaign. The Labor Department's closely watched employment report showed that the economy added 263,000 jobs last month while average hourly earnings unexpectedly increased. Elsewhere, Private payrolls in the United States increased by 221K in...