Tag: rsi

graceful: Dalal Street Upcoming week: 16000 likely to provide strong support to the market

Having taken a breather a week before this one, the stock markets resumed their upward movement. The main index continued to pull back and passed several important levels while defending key support levels. Over the past five sessions, the market has remained mostly on an upward trajectory of growth, with the exception of consolidation during […]

Technical view: Nifty50 remains in a consolidation range; 15,900 for the barrier

Nifty50 On Friday, a Hammer-type candle formed on the daily chart. On a weekly basis, it was a bearish candle with a long lower wick. Analysts say the index is in a consolidation range, where it has strong support in the 15,500-15,600 range and a barrier in the 15,900-950 range. A decisive break from either […]

Technical view: Nifty forms a Doji candle; consolidation is underway

Nifty50 Thursday saw selling pressure around the 15,900 level as it eventually closed near the opening levels, forming a long-legged doji on the daily chart. Such a candle indicates the indecision of traders. Analysts believe that for a directional movement, the index needs to get out of the range of 15,600-900 points. Usually, the formation […]

Technical view: Nifty50 bulls are not ready to give up; pulse is positive

Nifty50 fixed below 15,800 on Wednesday, although it formed a small bullish candle on the daily chart. Analysts noted that the index showed recovery in the last couple of sessions after seeing the beginning of the gap down, which is a positive thing. In addition, they noted that the selling pressure is quenched near the […]

Technical view: Nifty forms a small bullish candle; possible revision of the level of 16000

Nifty50 Tuesday ended slightly higher and formed a small bullish candle on the daily chart. Analysts say the positive close after a gap-down start was positive. They expect the index to test the 16,000 level in the coming days. According to them, the index’s support remains at 15,700. During the day, selling pressure was absorbed […]

Technical view: after the disappointing gap, no additional buying will follow; 15 800 support key

Nifty50 on Monday rose for the third session in a row, but closed below the opening level, thus forming a bearish candle on the daily chart. Analysts say the inability to see follow-on buying after a gap-down start is disappointing. The index needs to hold above the 15,800 level for momentum to remain strong, they […]

Promotion Ideas: 3 Promotion Ideas from Kunal Botra for the coming week

“Market breadth is improving a lot, but I think on the index front specifically, we will need a little more time to break above 15700 convincingly.” Kunal Botra said, kunalbothra.co.in. Edited excerpts: As for the market setup, 15,700 is what we managed to hold. Is the risk reward favorable for growth or decline next week? […]

Upcoming week on Dalal Street: Upcoming week on Dalal Street: Markets may still be heavily influenced by equities; it is important that Nifty stays above 15700

Indian stock markets managed to recover half of what they lost in the previous week. Markets have traded mostly positive over the past five days and continued to test previous support levels they broke on their way down. Trade remained as wide; Elegant fluctuated at 558.15 points before closing the week with growth. The index […]

Technical view: Nifty50 bulls expect more gains, 15,850 key hurdles ahead

Nifty50 the gap started on Friday, but it failed to significantly increase profits. As a result, the index formed a small bullish candle on the daily chart. As a result, a Harami candlestick formed on the weekly chart. The weekly pattern is a bullish reversal pattern and one would expect the Nifty50 to see some […]

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