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BULLISH ISLAND REVERSAL
Ahead of Market: 10 things that will decide stock market action on WednesdayIndian markets extended gains for a fourth session, led by IT, metal and FMCG stocks, with Nifty crossing 23,100. Technical indicators sign...
Ahead of Market: 10 things that will decide D-Street action on FridayThe NSE Nifty 50 index settled 0.56% higher at 19,546, while the S&P BSE Sensex climbed 0.62% to 65,631. The domestically focussed small-ca...
Tech View: Nifty forms Bullish Island Reversal pattern. What traders should do on FridayThe broader negative chart pattern like lower tops and bottoms is intact as per the daily timeframe chart and further upside from here coul...
Tech view: Nifty50 above 50-day SMA; further upside possibleFor the day, the index closed the day at 16,132.90, up 143.10 points or 0.89 per cent. This was below the 50-day EMA of 16,150 but above th...
Tech View: Nifty50 takes out 200-day SMA, hints at more upside aheadHowever, the index may see some resistance at the 17,450 level, while support is at 17,200, analysts said, adding that this is a 'buy on di...
Tech View: Nifty50 chart suggests weakness; support seen at 17,700 levelWednesday's pattern confirms a short-term top reversal at the swing high of 18,114 level and a beginning of a downward correction in the ma...
Tech View: Nifty50 forms Morning Star, signals more gains aheadThe three-candlestick reversal formation suggests gains ahead. Analysts said the index needs to sustain above the 17,580 level for further ...
Tech View: Nifty may enter a brief consolidation; 15,000 level a hurdleFor the day, Nifty closed at 14,894, up 30.35 points or 0.2 per cent. Gaurav Ratnaparkhi of Sharekhan said the index stumbled near the dail...
F&O: Buying emerges at every level; India VIX declines 7.86%Nifty has to hold above 14,750 level to extend its move towards 15,000 and then 15,150 levels, while on the downside, the immediate support...
Tech View: Nifty forms Island Reversal pattern, signals bearish biasMazhar Mohammad said that Friday's gap down opening as a follow through to Thursday’s gap up opening has resulted in a bearish formation ca...
F&O: Nifty continues to form higher highs & lows, supports shift higherThe index continued to form higher highs and lows for the third consecutive session and supports shifted higher gradually creating scope fo...
F&O: Nifty can now kick off next leg of rally; continue buy on dipsNifty has to continue to hold above 11,350 level to witness an up-move towards 11,600 level, while on the downside medium-term support exis...
HDFC AMC, Minda, ICICI Bank, India Glycols in strong uptrendGold is showing a very strong uptrend due to buying by global hedge funds.
F&O: If Nifty stays above 12,100, it may head towards 12,200-12,300A bullish momentum after a ‘Hammer’ candle on Tuesday is a positive sign for the market.
Using patterns of reversal and continuation to profitBased on historical analysis, the patterns are classified broadly into two — reversal patterns and continuation patterns.
- Buy Just Dial with a target of Rs 449: Sameet Chavan
Buy Just Dial Ltd. with a target of Rs 449 and a stop loss of Rs 375
Tech view: Nifty50 forms ‘Shooting Star’ pattern; 8,614 level key for bullsThis pattern is usually formed in an uptrend and is treated as a reversal pattern. Investors should remain cautious even when the trend rem...
Tech view: Nifty50 forms 'Short Day'; PCR, India Vix giving bullish signalsNifty50 reclaimed its crucial resistance level of 8,200, but technical chartists still advised investors to remain cautious over the next f...
M&M, Maruti look bullish after Positive Island Reversal patternAnand Rathi is of the view that the pattern is an indicator of bullish trend and the duo are likely to continue with their upward momentum.
- Wait for more signals before turning positive
At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally.