Sharp Bounce After a Sharp Pull Back
Weekly Market Recap The bounce off this week was as sharp as the correction occurred last week, however, NIFTY still has to recover few more points to recoup the last week loss. Nevertheless, it was a decent rally NIFTY broke out above the 50-day SMA and closed the...
read moreWhat a Precise Prodigy…!!
Weekly Market Recap Since past three weeks, I have been talking about bearish engulfing candle formed on weekly chart and based on its credibility in past five years, I expected market to follow the same route that is pull back of some magnitude. I would say, what a...
read morePositive Negative Makes Week Inconsequential
Weekly Market Recap It’s been an almost inconsequential week for the market especially for the major indices with an alternate days of gain and loss. Although, the upside downside movement was quite fickle as NIFTY kept reversing frivolously from the lows and highs of...
read moreMinor Sign of Reversal After Sell Signal
Weekly Market Recap Based on last week market action and bearish engulfing candle formation on the weekly chart I expected a reversal in the NIFTY as the same kind of bearish pattern in the past (blue arrows) has consistently ended up with the sharp correction or pull...
read moreGoing Up And Down
Weekly Market Recap In my last submission, I said that market is expected to be quite volatile going forward and it would not be easy specially for traders to absorb such a high volatility. Well, precisely in line with my expectation this week market turned out to be...
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