- The Age of the Indian IT sector seems to be coming back, with NASDAQ:NDX gaining new momentum. - This week was a good one for TCS - It finally closed above its crucial resistance zone and the 3500 Mark - It also broke the symmetric triangle formation, paving the way for future momentum. -The next week will be crucial as the price spikes will sink in. The...
Nifty Short, Medium & Long Term View- 15-Apr-24 to 19-Apr-24 Nifty closed at 22519 (22513) and touched low & high of 22435 & 22782 Nifty touched new high last week and reduced 1 % due to global cues on last day. Global tension caused mild drop in last working day of market. Depends the situation market will react next week. Expecting a mild fall till 22000 and...
Nifty Short, Medium & Long Term View- 08-Apr-24 to 12-Apr-24 Nifty closed at 22513 (22335 ) and touched low & high of 22335 & 22606 Nifty Still undecisive need to cross all time high firmly. RSI and stochastics levels was up and retaining same position like prev week(61% & 86% Respectively). Refer to detailed comments in the bottom on market and election...
Hello traders, The stock we are going to watch is $NSE:TCS. This stock is related to IT sector. This stock is mostly moving in an upward direction. Currently, it is taking some additional support of SMA200 in 4h time frame. This stock can shoot upwards at anytime. If you're a option trader, consider buying the premium which is having the liquidity. Consider...
Nifty Short , Medium & Long Term View- 26-Mar-24 to 29-Mar-24 Nifty closed at 22096 (22023) and touched low & high of 21710 & 22175 RSI and stochastics levels have improved last week (51% & 47% Respectively). Market closed almost flat last week Refer to detailed comments in the bottom on market and election outcome. Nifty IT 35188 (37517) -To continue hold...
Nifty IT !! - Near Resistance on Monthly Chart - in coming months, It may create CUP and HANDLE Pattern on chart before Breakout
Okay, This one was requested by @sanketkumbhar88 : Here is all you need to know about NSE:AFFLE : - Affle has been in a volatile 400-point range since 2021 - Currently, It is forming a Descending Triangle formation taking exact rejections from the resistance trendline - We have a game zone to confuse investors - The 1000 psychological mark doesn't seem to...
Nifty Short , Medium & Long Term View- 19-Mar-24 to 22-Mar-24 Nifty closed at 22023(22493) and touched low & high of 21905 & 22524 RSI and stochastics levels are same in this week (47% & 21% Respectively). Stochastics is in oversold zone. Market touched a new high last week Monday 22524. RBI issued warning on excessive rally on Mid & Small Cap to control...
In this video I have analyze few important indices. Nifty, BankNifty and Nifty IT. Also, in the end i have mentioned two swing trading stocks. Nifty I find Nifty is bullish. The previous support is still intact. BankNifty I find BankNifty bearish, and can see a fall in BankNifty. One thing to notice is, Nifty and BankNifty are not working is similar way....
Nifty Short , Medium & Long Term View- 11-Mar-24 to 15-Mar-24 Nifty closed at 22493(22378) and touched low & high of 22224 & 22522 RSI and stochastics levels are same in this week (65% & 96% Respectively). Stochastics is in overbought zone. Market touched a new high on last short trading session on Saturday to 22522, which crossed the Fib resistance and trend...
For last few weeks we have been looking at indices. By the study of a particular index we then try to determine about investing in components of that index or the stocks that from that particular index. In the series we will today have a look at IT Index. IT Index is looking very interestingly poised currently. There is a Doji of indecision formed. As of now the...
Nifty Short , Medium & Long Term View- 04-Mar-24 to 08-Mar-24 Nifty closed at 22378 (22212) and touched low & high of 21860 & 22297 RSI and stochastics levels reduced this week (63% & 97% Respectively). Stochastics is in overbought zone. Market touched a new high on last short trading session on Saturday to 22416, which crossed the Fib resistance and trend line...
Nifty Short , Medium & Long Term View-26-Feb-24 to 01-Mar-24 Nifty closed at 22212 (22040) and touched low & high of 21824 & 22297 RSI and stochastics levels reduced this week (90% & 90% Respectively). Both Rsi & Stochastics is in overbought zone. Volatality was seen on Thursday with more than 400 points. Market crossed 22150 last week. Need to decisively close...
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24 Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068 RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone. Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly...
Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24 Nifty closed at 21782.5 ( Prev Close 21853 ) and touched low & high of 21629 & 22053 RSI and stochastics levels reduced this week( 54.5% & 65% Respectively). Market is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Earlier 30%...
Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24 Nifty closed at 21853 ( Prev Close 21353 ) and touched low & high of 21429 & 22126 RSI and stochastics levels ( 58% & 74 % Respectively). Stochastics is near overbought zone. Market closed all time high and moved higher comparative to last week but is in indecisive state, could not take any direction...
Nifty Short , Medium & Long Term View-29-Jan-24 to 02-Feb-24 Nifty closed at 21352 ( Prev Close 21571 ) and touched low & high of 21136 & 21736. RSI and stochastics levels ( 47% & 21 % Respectively). Stochastics is in oversold zone. Market saw huge volatility in the last two week of around 1000 Points, especially fluctuated after results of HDFC bank. Nifty IT...
Nifty Short , Medium & Long Term View-23-Jan-24 to 25-Jan-24 Nifty closed at 21571 21894(Prev Cloase 21710 ) and touched low & high of 21293 & 22126. RSI and stochastics levels ( 53% & 35 % Respectively). Stochastics is moving towards oversold zone. Market saw huge volatility last week of around 850 Points, especially fluctuated after results of HDFC...