New Year Begins with the Corrective Action

Weekly Market Update The fresh week started off with the corrective action completely in line with my analysis and expectation as I shared my thoughts in the last weekly note. Major indices continued to drift lower throughout this week. No sectors appeared to be...

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The Month Concluded with a Bearish Engulfing Candle

Wish You All a Very Happy and Profitable New year  Weekly Market Recap Bid adieu to 2022. This week brought some relief to the buyer as it ended on a positive note. A decent bounce was witnessed throughout this week though some sharp selling occurred in the final...

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Weakest Week in 6 Months

Weekly Market Recap Last week based on the evidence provided by the market in terms of price, trend, breadth, and failed seasonality, I concluded that the bullish case scenario no longer appeared to be the case.  And, this week we witnessed a meaningful correction in...

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The End of the Last Leg of Rally?

Weekly Market Recap This week started off on a positive note and recouped all its last week's losses till Wednesday, however, it was followed up by the cascading fall in the last two days and ended up at the lowest point of the week. Almost all the major sector...

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That’s Why We Should Wait Patiently

Weekly Market Recap Finally, the winning streak of seven consecutive weeks comes to an end this week. As we have experienced such a fascinating rally in the past few days; perhaps beyond our expectations took a pause this week and gave an impression to correct...

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