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SHOOTING STAR CANDLE
PSU bank stocks losing momentum, wait for dips before going long: Anand JamesPSU bank stocks are showing signs of exhaustion after a strong rally, with indicators like Shooting Star candles and MACD crossovers sugges...
Big movers on D-Street: What should investors do with RVNL, BEML and Swan Energy?Stocks that were in focus included names like RVNL, which fell 8.06%, BEML, which dropped 7.69%, and Swan Energy, whose shares jumped 6.95%...
Super breakout in Nifty…What’s next?First, let’s look at the fund flows. Currently, India is a hot spot for investment in emerging markets. Foreign institutional investors (FI...
Tech View: Nifty bears strengthen grip, may test short-term averagesUnless Nifty50 bridges Friday's bearish gap zone of 16,509-535 level, the trajectory of the market shall remain on the downside, said Mazha...
Ahead of Market: 12 things that will decide stock action todayNifty traded in a narrow range throughout the session and formed a Shooting Star candle on the daily chart, suggesting a potential trend re...
Tech View: Nifty forms bearish candle, shows signs of weaknessAnalysts said Nifty recently saw a breakout from its consolidation band, but in absence of followup buying, it may go back to a broad tradi...
Tech View: Nifty50 loses its crucial support, likely to see more downside“Momentum indicator RSI has turned down from the crucial upper end of the bear territory i.e. 60 on two occasions now, clearly indicating t...
Tech View: Nifty50 forms a Shooting Star pattern, signals weakness aheadIndependent analyst Manish Shah said the index has broken below a minor Double Top pattern on the intraday charts. "A steady drift down tow...
Tech View: Nifty forms Shooting Star; analysts say it's 'sell on rise' marketThe index formed a 'Shooting Star' candle on the daily chart. Analysts said it's a 'sell on rise' market and one should watch out for the i...
Trade setup: Nifty outlook weak for the short-term; protect profitIn Friday’s session, the 10,065 and 10,120 levels may act as resistance points for Nifty.
Tech View: Nifty forms Shooting Star on the weekly scale, stares at 50-DMAFor the day, the index closed 135.60 points, or 1.14 per cent, down at 11,811.
Tech view: Nifty forms ‘Shooting Star’ candle, nears 50-day EMADalal Street analysts believe the index needs a closing above Tuesday’s high of 10,478.
Tech view: Nifty50 forms Shooting Star-like pattern; may reverse trendFollowup selling pressure with a bearish candle is needed for validation of the pattern.
Tech view: Nifty50 forms Shooting Star pattern; minor correction aheadThe Nifty50 index has to hold above 9,980 to witness an upward move towards 10,100.
Tech view: Nifty50 forms ‘Shooting Star’ pattern; shows traders uneasyAnalysts pointed out that even the advance-decline ratio was skewed in favour of the bears.
Tech view: Nifty forms Shooting Star; selling pressure may riseThe index closed below its 5-day exponential moving average at 9,455, a critical support.
Tech view: Nifty forms ‘Shooting Star’ pattern; tread with cautionTraders are suggested to capture the stock specific action in the market as both the indices like Nifty and Bank Nifty has got in the broad...
Tech view: Nifty50 forms ‘Shooting Star’ formation; maintain cautionIt is critical for Nifty to sustain above the 8,100 level. But for an uptrend to sustain, it should ideally close above its 200-day SMA pla...
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 'Shooting Star' pattern; time to turn cautious?As long as Nifty sustains above 8,700, any dip can be bought into. But a close below the 8,700 will raise doubts about the sustainability o...