Bitcoin Sentiment Bearish on hourly chart with trendline, Moving Average and RSI
Bajaj Auto may see a downside as per technical analysis, and the stock may show targets of 8245 in very short term.
As per technical Analysis tota motor stock today Target 925
As per technical Analysis Tata Consumer today Target 1147
Dr Reddy boroke previous day high, today Target 6380
There is a good possibility of a good rise in Crude Oil next week, because a trend is being seen on the daily chart of Crude Oil, and with the support of this trend, Crude Oil is moving towards the 50-day Simple Moving Average, as well as Crude Oil It is also getting strong support from the 100 day simple moving average. But it should also be kept in mind that...
Bajaj Finance may see an upward breakout next week. Because on the daily chart Bajaj Finance is in a downtrend inside a channel. The stock is continuously setting new lows but the previous two lows appear to be parallel. Which could be the initial sign of change in the pattern of downtrend.
MCX Crude Oil will try to touch the 100 day Simple Moving Average by taking support from the 50 day Simple Moving Average.
A doji candle is forming on the daily chart of Nifty which is indicating a possible further rise in Nifty.
Flag pattern is forming in Adani Enterprises from where breakout can be seen on the upper side.
At present, Tata Power is at a crucial level and a decline of about 4 to 6 percent may be seen in the coming one to two sessions. Caution should be exercised before creating new positions.
Nifty 50 index has a strong trend support on 21650 on hourly chart and then target 21830
There is a trend line breakout in Infosys which can show a target of up to 1380 in one to two days. Anyway, there is pressure on all markets globally. Infosys' results have put pressure on the stock.
Nifty may touch 19500 once but Nifty is still in uptrend. After which Nifty can show a target of up to 20400. This decline is only due to global reasons, one of which is the huge increase in crude oil prices. The current war between Israel and Hamas is negative for the market.
ITC is at its main support level. A good rise in ITC can be seen from here. This stock can give about 4 to 5 percent profit in the next one to two weeks.
HDFC Bank is currently at a key support on the daily chart and may show bullish momentum in the times to come, but the global situation may put pressure on the chart. This could lead to a war-like situation between Israel and Palestine.
After a big fall in Nifty 50, there has been a rise in two consecutive sessions. Perhaps this momentum may continue in the coming days. The market may once again form a W pattern.
A bullish trend is being seen in SBI since few days. Perhaps this trend will continue further. If SBI breaks the upper trend line then a big rise can be seen.