Bullish means — the prices are expected to go up in the future. Bearish means — the prices will decline. Trading in a range means the prices are flat and no appreciation/depreciation is likely The simplest way to sense the direction of a stock is to use the moving average indicator on the chart. If the slope is positive — then…
Nifty Analysis — Stance Bearish ⬇️ Recap from yesterday: “Nifty was unable to get into the ascending channel despite results from RELIANCE and major banks. We suspect some weakness is haunting N50. It could completely be news/event-driven or related to the build-up for the budget session. The selling figures from the institutions may be because of this….
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “The first target for a trend change will be the breach of the ascending channel top line approx 21530 levels. From a technical analysis perspective, we had the 3 black crows at 14.30 yesterday and the first 2 candles today.“ 4mts chart link We got our first target of…
Nifty Analysis Maybe it was the news that Fitch cut the US rating from AAA to AA+ (news report here) that sparked the reversals in Asian markets. Our market too started to fall but had a decent recovery in the last 1 hr (just as usual). The global markets were staying at elevated levels for…
Nifty Analysis I was quite happy to see the last 45 to 60mts of trade happening in the direction of the trend. For days unknown we used to have dip buyers who come in at 14.30 to 15.00 and then change the dynamics all together. If you notice we had a good downtrending pattern developing…
