Bank Nifty started the week on flat note and remained in a narrow range throughout the week, indicating lack of strength on either side. Bank Nifty closed at 42437 with a gain of 300 points on a weekly basis. On the weekly chart the index has formed a small Bullish candle forming a higher high low compared to previous week and has closed above previous weeks...
Nifty started the week on a flat note and remained lackluster within a narrow trading range throughout the week nifty closed at 18308 with a loss of 42 points on a weekly basis On the weekly chart the index has formed a small bearish candle carrying shadows on either side representing extreme volatility The chart pattern suggests that if Nifty crosses and...
On the weekly time frame the stock has decisively broken out above "Multiple Resistance Zone" form around 400 level. Stock was consolidating above the breakout area between 445-380 in this week it broke above this consolidation range indicating stock may pick up an upside momentum. This breakout is accompanied with rising volume, which normally dried up during...
Nifty started the week on positive note and traded with extreme volatility on either side for most part of the week, however buying momentum at lower levels pulled index higher to close on positive note. Nifty closed at 18350 with a gain of 233 points on a weekly basis. On the weekly chart the index has formed a bullish candle with a lower shadow indicating...
Bank nifty started the week on a positive note and traded with extreme volatility on either side throughout the week. Bank nifty closed at 42137 with a gain of 879 points on weekly basis. On the weekly chart the index has formed a small bullish candle forming a higher high low compared to previous week and has closed above previous weeks high indicating positive...
The Infra sector has been in the limelight and is seen outperforming broader markets. Nifty Infra index is at the cusp of breaking above last one year range. Within the Infra space we expect the cement stocks to witness catch up activity, among the large cap cement stocks our preferred pick is Ultratech cement which we expect to outperform The stock has generated...
Bank Nifty started the week on a positive note and traded with extreme volatility on either side throughout the week. Bank Nifty closed at 41258 with a gain of 268 points on weekly basis. On the weekly chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The chart...
Bank Nifty started the week on a positive note and traded with extreme volatility on either side throughout the week Bank Nifty closed at 41256 with a gain of 268 points on a weekly basis On the weekly chart the index has formed a small Bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. the chart...
Bank Nifty started the week on a flat note but continued its previous week's positive momentum to end the week on a strong note. Bank Nifty closed at 40416 with a gain of 995 points on a weekly basis. On the weekly chart the index has formed sizable bullish candle forming higher high-low compare to previous week indicating positive bias. The chart pattern...
Nifty started the week on a flat note and buying momentum throughout the week led it close on a positive note. Nifty closed at 17833 with a gain of 294 points on a weekly basis. On the weekly chart the index has formed a long bullish candle forming higher high-low compare to previous week and has closed above previous week's high indicating positive bias. The...
• On the daily chart, the stock has formed an “inverse head and shoulder” indicating a short term trend reversal • This breakout is accompanied with huge volumes indicating increased participation • In addition, the stock has confirmed higher tops and bottoms TVS Motor Company Limited Weekly Tech Picks 27 May,2022• The stock is well placed above its 20, 50 ,...
• On the weekly chart, the stock is in strong up trend forming a series of higher tops and bottoms indicating sustained up trend • This buying was accompanied with rising volumes indicating increased participation on every short term corrections • The stock is sustaining above 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments • The daily and weekly...
• On the weekly chart, the stock has observed eight months “down-sloping” trend line breakout at 2525 levels indicating trend reversal • This buying momentum was accompanied with huge volumes indicating increased participation at lower levels • The stock is also well placed above 20, 50 and 100 day SMA which supports upside momentum • The daily and weekly strength...
• Bank Nifty started the week on a flat CMP: 34484 Support : 34000-33000 Resistance : 35000-35500 note however selling pressure throughout the week led index to end on a weak note. Bank Nifty closed at 34484 with a loss of 1130 points on a weekly basis • On the weekly chart the index has formed a sizable bearish candle and closed below previous week's low...
• Nifty started the week on a flat note and witnessed selling pressure throughout the week dragged index to close at lowest point. Nifty closed at 16202 with a loss of 151 points on a weekly basis. • On the weekly chart the index has formed a long bearish candle forming lower High-Low compare to previous week indicating weakness at current levels • The chart...
On the daily chart, the stock has witnessed “multiple resistance” breakout around 208 levels • This breakout is accompanied with huge volumes indicating increased participation • In addition, the stock has confirmed higher tops and bottoms Sanghvi Movers Limited Weekly Tech Picks 10 June, • The stock is well placed above its 20, 50 , 100 and 200 SMA...
• Bank Nifty started the week on a flat CMP: 35613 Support : 35000-34500 Resistance : 36000-36500note but continued its previous week's positive momentum to end the week on a strong note. Bank Nifty closed at 35613 with a gain of 1337 points on a weekly basis • On the weekly chart the index has formed a sizable bullish candle and closed above previous week's...
• Nifty started the week on a flat note and remained consolidated for most part of the week; however, the last couple of trading session's gains pulled the index higher to end on a positive note. Nifty closed at 16352 with a gain of 86 points on a weekly basis • On the weekly chart the index has formed a Bullish candle with a long lower shadow indicating...