Whenever the 'Aroon Up' shows sideways movement, the price is expected to show mild-to-severe correction, but it helps to identify the upcoming change.
ADX has a strong significance from a long-term perspective. However, recent years have seen traders using it for a short-to-medium term perspective.
Petrol prices on Friday crossed the Rs-80 mark in Delhi as OMCs announced the 20th hike in a row. Petrol price was increased by 21 paise to Rs 80.13 per litre in Delhi. Diesel jumped by 17 paise
Here's a look at what major technical indicators suggest for Nifty Bank and its key constituents and what should be your trading strategy
One can develop his/her own remote model, which should be able to achieve over 80 per cent accuracy.
Better the confirmation, stronger the view. It is wise to wait for the next session to give an appropriate confirmation. A green close suggests upward rally and a red close indicates weakness.
The primary trend of the ICICI Lombard GIC's stock is bullish
Major stocks are facing resistance at a 100-day moving average (DMA).
Looking at the strong setup on the medium term charts, it would be advisable to buy Nifty around 9,900, for the upside target of 10,300.
Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent
A follow-up buying may induce stronger momentum trapping short-sellers
The stock's primary trend is positive and its price is trading above 200-day SMA
Real estate stocks were in limelight on Thursday, after Union Minister of Commerce & Industry asked developers to cut prices and sell inventory rather than wait for the market to bounce back
Capitulation can be effective in various ways as it can lead to selling exhaustion, thereby prompting fresh stock buying.
The sharp upswing in the market has got several traders off guard. Shrugging off grim economic forecasts and rising Covid-19 cases, the benchmark Nifty has climbed 11.4% from May 18
Next target for the Nifty is seen at 10,160 and 10,550
Britannia has broken out of the consolidation range of Rs 3,400 to Rs 2,400 levels while Escorts witnesses buying above the resistance level of Rs 900.
Telecom stocks have been in limelight since the past few weeks - be it Jio Platforms selling stake to marquee global investors or Google eyeing stake in Voda Idea. Here are the key levels to track
Here is you can use Line Chart, Candlestick Chart, Renko Chart, and Point and Figure charts to your advantage while trading in stocks
Here is how you can trade in these news-driven counters and maximise your gain