It seems that Nifty is trying to form a bottom around 24605 levels. If this level is broken the next support seems to be near 24401. On the upper side the seem to be near 24761 and 24882. If we get a closing above 24882 the most important resistance will be at 24944 and 24960 where we have the Mother and the father line respectively. Bulls will get back in business above 24960 with further resistances at 25083 and 25260. these seem to be the levels to watch out this week.
Mark Mobius veteran investor looks at Sesex reaching 100,000 within 1 year. Corresponding level for Nifty can be close to 27K+ this is the news on the positive side. RSI has started to move in a positive direction. Moving Average Convergence and Divergence has given a slight indication showing the trend might change sooner rather than later.
To learn more about my Mother, Father and Small Child Theory, RSI, MACD, Profit booking averaging and other Techno-Funda aspects of investing you can read my book THE HAPPY CANDLES WAY TO WEALTH CREATION. It is a book considered by many as a hand book to equity investment. Currently the book enjoys 4.8/5 Star rating on Amazon. Paperback edition or Kindle edition can be bought from there or many other sources.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Mark Mobius veteran investor looks at Sesex reaching 100,000 within 1 year. Corresponding level for Nifty can be close to 27K+ this is the news on the positive side. RSI has started to move in a positive direction. Moving Average Convergence and Divergence has given a slight indication showing the trend might change sooner rather than later.
To learn more about my Mother, Father and Small Child Theory, RSI, MACD, Profit booking averaging and other Techno-Funda aspects of investing you can read my book THE HAPPY CANDLES WAY TO WEALTH CREATION. It is a book considered by many as a hand book to equity investment. Currently the book enjoys 4.8/5 Star rating on Amazon. Paperback edition or Kindle edition can be bought from there or many other sources.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.