As the market breadth turns negative, only sideways consolidation or V-shape recovery can revive the positive sentiment.
As It began successfully trading above 200 DMA, the counter has more than doubled rising 175 per cent to Rs 1,417
Front runners insurance stocks have seen higher Investor Interest
The RSI (Relative Strength Index) and Stochastic are momentum oscillators that identify strength and weakness of traded securities
Here are trading strategies for stocks of companies that announced their June 2019 quarter results recently.
A bullish divergence on RSI favours the upside momentum along with MACD, which is in a positive crossover
Spice Jet, if breaches Rs 110, then may see Rs 90 and Rs 84 in the near future
Technical Calls by Gaurav Garg- head of Research at CapitalVia Global Research Limited- Investment Advisor
RSI reflects opportunities of Buy and Sell whenever a stock/index exhibits a decent formation.
The Nifty IT index has broken crucial trend-line support of 15,900 on closing basis with RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) suggesting a negative trend
MACD crossing above MACD baseline means a positive trend will emerge for the stock/index going ahead.
Till the Nifty is trading above 10,600 levels, one should not be negative on the overall trend. Every dip should be seen as a buying opportunity with an intention to stay in trade
In some stocks, the selloff has been overdone. These stocks, as per their technical chart pattern and the Relative Strength Index (RSI) indicator, have exited the oversold territory
Though it is difficult to predict which way the markets will turn, there are few rules everyone must follow in for stocks trading in the high-risk, high-reward zone
As the stock crosses 200 DMA, the support becomes stronger and resistance gets pushed up higher. When a stock moves up above its 200 DMA, major buying is usually seen around immediate support levels
A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support
Here are three stocks among the Nifty50 index that appear to be oversold as per technical charts
Here are a few stocks that can head down over the next few sessions as per their technical chart patterns