Nifty today gave a powerful breakout which usually happens when price consolidates near resistance.
Banknifty headed upwards with strong buying and completed the fibonacci trend based extension targets for intraday. The upper zone also happens to be zone of previous resistance.
Ashok Leyland needs to consolidate near highs / resistance zone for the further upside move / breakout to be powerful
Crude oil stuck in a lower range giving comfort to oil importing countries such as India.
Berger paints is heading towards 52 week high of 710 levels. It is outperforming Nifty and among the strong stocks.
Dollar Index chart looks weak as of now, it had broken 61.8% retracement for the upswing in consideration and heading downside. It probably test recent swing lows around 101 levels/
Nifty is heading towards gap filling zone and can probably fill the gap zone.
Banknifty created a double top and created lower highs and lower lows, it is heading downwards to test it's previous swing low on 75 min time frame. Key fibo levels such as 61% are also broken for this upward swing as shown.
would involve examining the factors that are driving the index on a particular day, such as macroeconomic news, earnings releases from individual companies, and any developments in the regulatory environment. It would also involve looking at technical indicators, such as moving averages and trading volume, to gauge the strength of the current trend and assess the...
Maruti Suzuki's stock finding support at a critical zone presents an intriguing opportunity for investors and traders alike. By considering both technical analysis and fundamental factors, market participants can gain valuable insights into the potential for a rebound in Maruti's stock price. However, it's crucial to approach the investment decision with a...