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The markets are once again positioning itself in a precarious condition. The rallies that we have witnessed over the past couple of days have come purely on account of short covering, as evident by the consistent decline in the OI. This is a cause of concern, more so when the NIFTY is just short of being mildly overbought. The lead indicators show bearish...

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Throughout the previous week, the Indian equity markets remained less volatile than expected, but at the same time, it marked some important technical events. After trading in a 350-point range, the index resisted to its key resistance zones, retraced and ended the week with a modest loss. The RBI Credit Policy largely remained a non-event for the markets. The...

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After marking highs near 321, the stock saw a downward corrective move which took the stock to test the levels near 176. It is seen taking support near its 200-wMA and inch higher. Weekly RSI has just moved above the oversold area and this is a positive sign especially when it has done so after marking a minor higher bottom. While On-Balance Volume did not fall...

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The stock gave a breakout on the upside after breaking out from a downward corrective channel. This channel was formed when the stock entered a corrective phase and remained under broad consolidation. Weekly MACD continues to remain in a continuing buy mode. Weekly RSI remains neutral and is seen marking higher bottoms. The stock suffered a classical throwback...

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The stock has been under secular uptrend over past two years. Currently highs in the 188-193 zones, the stock has been consolidating in a sideways move over past couple of weeks. The prices have attempted a breakout and is set to assume its up move again. The Weekly MACD has reported a positive crossover and it is now bullish while trading above its signal line. A...

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The stock has remained under corrective decline after marking highs near 345 in the beginning of 2018. After remaining under such falling trajectory for couple of months, it has made attempts to resume its up move after taking support near the 100wMA levels. It ha broken out of a falling trend line but saw minor throwback. The prices ended above the upper...

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After many months of a remaining in a broad trading range, the stock is looking for a breakout and this is likely to see the stock testing its previous highs. The prices have broken out from a falling trend line resistance. Presently it is seeing a throwback. The On-Balance Volume – OBV has already market a fresh high which is bullish. It gives confirmation on the...

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After marking its peak near 534, the stock remained under falling trajectory under a corrective decline. Over past couple of weeks, it has attempted to form a base in the 410-440 zones. RSI has marked a fresh 14-period high and this is bullish. RSI is also seen breaking out of a pattern formation. Being a lead indicator, price is expected to follow. Daily MACD...

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After remaining under corrective decline for the major part of the year 2018, the stock has attempted to form a base in the 310-325 zones and has attempted to reverse its trend. The stock moved past its multiple resistance area that fall between 340-351 zones. The Weekly MACD remain in continuing buy mode. The Weekly RSI has marked a fresh 14-period high which is...

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The stock broke out on the upside from its multiple resistance area of 2900-2978 and marked high at 3203. It suffered a throwback and pared all its gains. Presently, it has pulled back a bit and remains in a symmetrical triangle formation. Few signals have emerged which point towards likely resumption of up move. On-Balance Volume – OBV has formed a fresh high on...

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After paring of gains and coming off over 120-points from the high point of the day in the previous session, the NIFTY saw follow-up weakness on Wednesday. The NIFTY opened with a modest gap down and drifted lower. The Markets made an attempt to recover from the lows of the day but still ended the Wednesday’s trade losing 60.75 points or 0.56%. While keeping the...

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NSE:NIFTY Very much on the expected lines, the session on Monday took the Markets nowhere as the benchmark index NIFTY50 oscillated in a narrow range and ended the day flat gaining 0.10 points or 0.01%. The NIFTY had shown a modest gain in the morning but it pared those gains during the day. The lower levels too did not sustain and the Index ended practically...

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NSE:INTELLECT The stock broke out of a Double Top formation and attempted breakout above 205. However, after marking highs near 217 the stock suffered a classical throwback. A breakout was likely as the stock had closed outside its upper Bollinger band after which it saw a temporary pullback inside. On the Weekly Charts, the stock has closed outside its upper...

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NSE:KAJARIACER After failing to clear multiple tops resistance in the 740-764 zones, the stock witnessed a significant corrective decline. It has attempted to form a potential base in the 501-520 zones and has attempted to reverse. The RSI on the Daily Chart remains neutral but has shown a classical failure swing raising the likelihood of a reversal. The Weekly...

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NSE:NIFTY In our previous Weekly note, we had pointed out emergence of 10785-mark as not only a likely-lower-top but also an important resistance area for the Markets. The week that went by saw fierce consolidation happening in the Markets and the NIFTY resisted all week along to the 10785-mark. On the last day of the trading week, the NIFTY which had showed so...

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NSE:NIFTY As outlined in our previous note about the importance of the resistance level of 10785, the NIFTY resisted precisely to that level in Thursday’s trade marking the high of 10785.55. NIFTY saw paring 80-points from that level and settled the day with minor loss of 25.15 points or 0.23%. The under-performance was seen more in broader Markets which lose...

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NSE:NIFTY Following a strong surge on Monday, Tuesday’s session failed to see any follow up move and the Markets once again faced consolidation on expected lines. The NIFTY failed to move past the 10785-mark and chose to consolidate in a range. The indexes headed nowhere and continued to oscillate in a given capped range. The NIFTY ended on a flat note gaining...

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NSE:FEDERALBNK After prolonged corrective move over past couple of months, the stock is attempting to reverse it trend. Stock is inching higher penetrating its multi month falling trend line. Weekly MACD remains in continuing buy mode. RSI is seen breaking out from a pattern and shows bullish divergence. OBV shows a sharp rise along with an attempt to breakout.