tusharvispute1

tusharvispute1 Updated 

Stock has broken out from the downward sloping trend line on the weekly charts. Price breakout is accompanied with jump in volumes. On 27th july 2022 stock surpassed the crucial resistances of 200 days EMA with rising volumes. After breaking out, stock showed throwback towards previous resistance and expected to resume its uptrend. Stock is placed above its...

tusharvispute1 Updated 

Stock price has broken out from the downward sloping trend line on the weekly chart. Stock price has broken out on the daily chart where it is trading at highest level since may 2022. Primary trend of Stock is positive as it is trading above its 50,100, and 200 day moving averages. plus DI is trading above minus DI while ADX line is placed above 25 and started...

tusharvispute1 Updated 

On the weekly time frame the stock has decisively broken out eight months "Cup & Handle" breakout at 600 levels on a closing basis. This breakout is accompanied with huge volumes indicating increased participation. On the daily and the weekly time frame, the stock is in strong up trend forming a series of higher tops and bottoms. The stock is well placed above...

tusharvispute1

Nifty started the week on a negative note and traded with extreme volatility on either side throughout the week. Nifty closed at 17559 with a loss of 20 points on a weekly basis. The chart pattern suggests that if Nifty crosses and sustains above 17800 level it would witness buying which would lead the index towards 18000-18300 levels. On the weekly chart the...

tusharvispute1

Bank Nifty started the week on a flat note and traded with extreme volatility on either side for most part of the week. however buying momentum at lower levels pulled the index higher to close on flat note. On the weekly chart the index has formed a "Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. For the...

tusharvispute1

Motherson sumi's exposure to European markets and the uncertainty caused in the region caused buy the Russia Ukraine war has led to a build up of short positions in the company's stock futures. "The overall structure is weak even as the stock has shown recovery from the oversold trajectory in line with the recovery in the market. some more pullback can continue to...

tusharvispute1 Updated 

Nifty started the week on a flat note and continued its previous week's bearish momentum throughout the week. Nifty closed at 17102 with a loss of 515 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to previous week indicating weakness Since the past 3-5 months index is consolidating within...

tusharvispute1

Bank Nifty started the week on a positive note and traded with extreme volatility on either side throughout the week. Bank Nifty closed at 37689 with a gain of 116 points on a weekly basis. On the weekly chart the index has formed a "Doji" candlestick formation indicating indecisiveness among market participants regarding the direction. The chart pattern suggests...