Market is complete bullish, expecting nifty to break yesterday's day high and reach 10500 soon. if Nifty fails to break then will see some side way movement.
Bank Nifty went up by 12.5% in March Month alone, and if its break 30275-80 range then we can see some new high, but be cautious because most of the bank stocks are in overbought zone.
ICICI Bank reached its resistance level in the weekly chart, RSI is at overbought zone in day chart and broke its previous 52 weeks high. is it a right time to short the stock?
Bharti Airtel is technically strong, Multiple cross over in SMA from below, RSI is moving up and maintain above 50 level, MACD signal line crossing from below. Immediate resistance level 346-347, but will the stock hold this level and move upwards or fall from the current price?
Ambuja Cements is near to its 52 week high, stock looks bullish but there must be some consolidation before move from the current level because RSI is at overbought zone, shooting star formed in one hour chart at the end of the session and among all the stocks which are in overbought zone, Ambuja cements is the only one stock which OI has decreased huge.
RBLBank is at overbought zone and near resistance level (& double top resistance), stock felt down more than 200 points last time when the RSI near 80, will the history repeat once again or break the old record?
Petronet has broken its triple top resistance level, can it be a fake breakout or the journey continue toward 250? Stock is at strong buy zone but RSI is already near to overbought zone.
