Nifty strikes Deep but very overbought… expect some pullback otherwise be prepared for the blow-off rally The Intermediate-Term Trend: Strong follow up to the ascending triangle breakout of the last week. Nifty moved up 3.55% for the week.
Nifty took off like a Fighter Jet this week and we are now at the top end of the range again. Will it strike further or return back to the base? Nifty Daily: Nifty took off strongly on
If you look at the chart below, you can’t figure out the happenings of the India Pakistan conflict in the last four days. Already enough discussion has happened and we will stick to the charts here. Nifty Daily: The
Global equity markets moved up in unison in view of the news flow on the US-China trade deal. (Donald Trump last night) Nifty Daily: Nifty has strongly moved up today on the back
The status quo remains unchanged. Nifty again bounced back from the support level of 10600 aided by the Morning Star candlestick formation. Morning Star A three-day bullish reversal pattern consisting of three candlesticks – a long-bodied black candle extending
Nifty accelerated to the low of 10620 as suggested in (Markets accelerating on the downside) & (Is it a failed breakout?) but recovered 100 points during the day to close as a Doji formation. It is again at the lower
As I summarized “a bearish bias with 11100 stop loss has better risk/reward potential” last week, the markets have fallen for the first three days of this week. The last two and half months support level of 10600 is the
Well, the enthusiasm of the last few days has washed away in a single day. 11000 was resistance for the last 10 weeks. Normally what happens under these conditions is a shakeout due to some new event (Budget in this
Nifty Daily: Nifty finally broke out of the trading range yesterday. The follow-up momentum seems to be missing. Full STO has also reached the overbought territory and if indeed it is a genuine breakout shouldn’t be a problem.
Nifty Daily: After the last week’s sharp pullback from the lower end of the range, Nifty has spent the last two days moving sideways. There are two factors as discussed below which are indicating a breakout higher from this range.