Hindalco Industries Stock is moving into channel but closed below 5 Day Low EMA and Dollar index crossing 80+ can hurt the stock on upside and downside will continue. Short Hindalco below 201.40 Tgt 200.6 ,197.5 ,194.2 ,191.2 Sl 203.9 US Dollar Index Charts US dollar crossed 50 DMA @78 and moving towards 82 levels… Read More »
SBIN Daily Chart SBI is forming an ascending triangle formation with support around rs 2780 levels and resistance around 5 EMA 2905 levels. Stock has fallen from a high of 3400 to a low of 2700 in a matter of few trading sessions and a bounce till 3000 can be excepted for the stock. RSI,MACD… Read More »
*About Bull Market Corrections** We look back to 17 years of market (BSESensex) history to assimilate data on bull market corrections. There have been four bull markets over the past 17 years (including the current one), and within those bull markets there have been 32 corrections of 5% or more (including the current one). The… Read More »
Another Scam Brewing in Indian Stock Market Central Bureau of Investigation (CBI) had questioned the top officials of the two entities in connection with an alleged multi-crore fake home loans scandal. Shares of LIC Housing Finance and Central Bank of India plunged in late afternoon trade on Wednesday after media reports suggested that the Central… Read More »
Nifty Daily Chart Nifty is forming a wedge pattern as shown in charts and again it formed a Hammer formation which if preceded by a Green candel show it effect and short term trend reversal can happen. A good upward reversal should close above previous day’s high . Today FII sold 1500 cores in cash… Read More »
Varun Industries Varun Industries is in long term uptrend stock and its bull market rally from 120 to 240 was quiet notiecable and fast. Stock consolidated after making a 100% move and now is consolidating in the range of 216 and 247. Till the stock trade in the range of 216-247 trade this range. Once … Read More »
Equity benchmark indices crashed for the second consecutive week, led by a fall almost in all most all sectors wherein the NIFTY has lost more than 422 points (6.7%) in the last two weeks to settle below 5900 – another psychologically important level with the SENSEX dropping by over 1419.5 points (6.76%). Daily Chart Technically,… Read More »
By JOE NOCERA For some months now, Jeremy Grantham, a respected market strategist with GMO, an institutional asset management company, has been railing about — of all things — the efficient market hypothesis. You know what the efficient market hypothesis is, don’t you? It’s a theory that grew out of the University of Chicago’s finance… Read More »
Bullish Hammer • Direction: Bullish • Type: Reversal • Reliability: Moderate After an established downtrend • Hammer candles have a small real body that forms at the upper end of the days trading range • The candle can be either blue or red, analyst usually do not differentiate. • Lower wick at least twice as… Read More »
Nifty Daily Chart Nifty after giving the much awaited correction of 6% which took everyone by surprise when all were excepting a new life time high on NIfty. Well now much awaited correction has come and i would request you all to use this oppurtunity to buy nifty 50 scripts like tata motors,tata steel,SBI. Deploy… Read More »