#technical-analysis
Dalal Street Week Ahead: Oversold Nifty may rebound as volatility stays high
The technical structure has weakened materially, with the most important development being the Nifty's modest violation of its 200-week moving average, presently placed at 22,606.97. This is the first breach of this long-term average since March 2020 and make…
Steel Authority of India among 3 stocks showing White Marubozu pattern
On September 23, three stocks in the Nifty 500 pack that gained over 5% appeared on the ‘White Marubozu’ bullish scanner, according to technical scan data from StockEdge. A White Marubozu is a bullish candlestick pattern in technical analysis that occurs when…
Steel Authority of India among 4 stocks closing above VWAP
On September 23, the closing prices of four stocks in the Nifty 500 pack were more than 1.5% above their respective Volume Weighted Average Prices (VWAP), according to technical scan data from StockEdge.When the closing price is above the VWAP, it means the s…
Bond yields, FIIs and corporate actions among 8 factors to steer D-Street this week
Nifty closed marginally higher last week, driven by IT and energy stocks, as markets brace for key events. Technical analysts suggest Nifty is in an indecisive range, awaiting a decisive breakout above 23,800 or a fall towards 23,600. Global factors like Iran…
Solana Fails Channel Breakout—$78 Support The Next Destination?
An analyst has pointed out how the latest retrace in Solana has come after rejection from the resistance level of a Parallel Channel. Solana Failed Parallel Channel Resistance Retest In a new post on X, analyst Ali Martinez has talked about a technical analys…
F&O Talk: Nifty charts suggest further consolidation; Sudeep Shah's strategy on Cohance, HEG and 4 more stocks
Indian markets corrected amid volatility, with Nifty entering a consolidation phase after a sharp April rally. Technical indicators suggest a range-bound trend with key support and resistance levels in focus. Weakness in banking stocks persists, while smallca…