Analyzing India July 26, 2020 at 11:20 PM
The upper extended trend line shows that the Double Top breakout not only fizzled out, but the price action failed to move past that double top resistance several times. This has reinforced the credibility of this resistance. Presently, the price has slipped below the 50-DMA... Read More
Analyzing India July 25, 2020 at 12:16 AM
The week before this one had seen the headline index testing a couple of important levels on daily and weekly timeframe charts. On the daily chart, the index had closed a notch above the 200-DMA; on the weekly chart, it had tested the 50-week MA... Read More
Analyzing India July 18, 2020 at 07:30 AM
In the previous weekly note, we had mentioned that the markets were losing momentum in general despite some measured incremental up moves. The week that went by traded much on the anticipated lines... Read More
Analyzing India July 13, 2020 at 12:44 PM
Price action has seen an Ascending Triangle formation in APOLLOHOSP.IN over the past several weeks. In this classically bullish formation, the 200-DMA appears to be acting as a proxy trend line... Read More
Analyzing India July 13, 2020 at 11:51 AM
The Indian equity markets went on to end their fourth week in a row with gains as the NIFTY extended its up move. However, unlike the previous week, the trading range narrowed down considerably and momentum appeared to be losing its strength as well... Read More
Analyzing India July 06, 2020 at 01:31 AM
SRF Ltd - SRF.IN Over the past several weeks, this stock moved in a capped range which has been getting narrower. The price action has formed a bullish ascending triangle and has also resulted in a classic Bollinger Band Squeeze. Bollinger bands are over 60% narrower than normal... Read More
Analyzing India July 05, 2020 at 02:51 AM
The NIFTY continued its surge for the third week in a row as it extended its gains. In the previous weekly note, we had mentioned the possibilities of the mild extension of the up move. In the week that went by, the NIFTY saw itself oscillating in a slightly expanded range... Read More
