Nifty Hourly Nifty Hourly Charts are respecting the trend lines both on Upper end@5600 and on lower end @5440. Break on either side only will give range breakout. from this tight 200 point range. Hourly was oversold and hence Nifty showed the much expected bounce but unable to cross the upper trendline @5600. Market always… Read More »
WIPRO Wipro is looking weak on Daily charts as it near its lower end of trendline.Wipro is unable to cross short term moving average of 50 SMA making it a sell on rise candidate. Volume are lower end and a break of trendline low can lead ti a breakdown till rs 400 is possible on… Read More »
Nifty Hourly Nifty Houlry chart has been trading in a range of 5503-5492 for this week.A sideways move after 9 days of correction we saw. As I have pointed in Weekly Analysis that 5595(Weekly Pivot) is am Important level which should be crossed for market to move till 5630 levels.Nifty is unable to cross this… Read More »
Jai Prakash Associate JP Associate has corrected from High of 102 to low of Rs 84 as shown in the below charts. Stock is trading in a tight range from past 5 trading sessions and range breakout will give a move of atleast 2-3% in a single session. Break of Rs84 will give a quick… Read More »
Jubilant Food Jubilant Food has been on a dream run from the day it listed and today it made a life time high@807 and moving into uncharted territory.Stock has been respecting its trend lines resisting at top end and taking support at lower end. As per the above daily chart a pullback should be… Read More »
Nifty Hourly Chart On Hourly chart Nifty took support at the down trending trendline as shown in chart. 5450 levels proved to be a good support and a bounce back materialized from that levels ending the loss making streak of Nifty from past 9 sessions. Nifty closed the week with a loss of 3.4% shaving… Read More »
Jet Airways Our Site Reader Vimal asked me on TA for Jet Airways So discussing the same below On Daily Charts Jet Airways looks to breach its downward trend line and in the process broke its 50 DMA@458. If Jet breaks todays low @436 stock can move below 400 odd levels. MACD has generated… Read More »
Sintex Industries Sintex is trading with rising tops on daily chart and trading firmly above 200 DMA which is adding bullishness to stocks for extreme short term. RSI rising is positive for the stocks. Stochastic in Buy Zone. As shown in chart stock is in multiple resistance zone of group of trend lines and a… Read More »
Nifty Hourly Chart RBI does it again for which market was not prepared for.Raising the the REPO and Reverse REPO by 50 BPS and markets tanked heavily. Market did not discounted the news and Nifty tanked. If we look at hourly charts on Nifty following observation can be noted down: 1. We are approaching a… Read More »
RBI will meet today on deciding the Interest rate Hike to ease of untaming inflation. From a fundamental perspective the tighter the Interest rate more it will affect the Growth cycle as Industries need to pay more Interest on loan hence affecting their profitably. RBI has a tough task to do taming inflation and not… Read More »