Page 10 - Changing Man News Today

Explore Now NEW DELHI: A Hanging Man pattern on the Nifty chart on Wednesday implied the market may be developing fatigue after a long run. Thursday’s stock action in some way confirmed such a trend. But analysts believe the momentum is intact for the medium term and some of the big names may be poised for another leg of rally. As many as 193 stocks on the Bombay Stock Exchange (BSE) showed clear signs of strength on Thursday on the moving average convergence divergence or MACD, a technical i...

A three-day rally in global stocks faded on Thursday as Asian shares retreated.

NEW DELHI: Nifty formed a ‘Hanging Man’ kind of pattern on daily charts on Wednesday, which is a bearish reversal pattern, a hint that the ongoing rally may be nearing its end, said analysts. Nifty continued its climb in the third straight day, breaching all records and closed at 14,789, registering a gain of 0.97 per cent or 142.10 points. In the last three days, it has rallied over 1,150 points. “Despite this kind of sharp rise witnessed from the lows of 13,596 to a high of 14,868, the ...

Technical View: Nifty forms Hanging Man pattern, upside seems capped at 15,000 for Nifty Mazhar Mohammad of Chartviewindia.in advised traders not to create fresh long side exposure and remain neutral. Sunil Shankar Matkar February 03, 2021 / 05:56 PM IST The Nifty50, barring initial volatility, remained strong for the rest of the day and ended at record closing high on February 3, continuing Budget-driven uptrend for third straight session. Banki...

ET Markets RadioTune in now for Markets news, views & cues Market Watch (ETMarkets.com) 06:06 Min | January 15, 2021, 7:06 PM IST Tune in as we discuss the current market sentiments, performance of bank and IT stocks, and more! Tags Transcript Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour. Sensex ends 549 points down, Rs 2.15 lakh crore lost HCL Tech Q3 profit jumps 31%; Ebit guidance rais...

A few analysts said Fridays fall could just be a single-day affair, but for that to be true the index needs to close above the 14,500 level on Monday, they said.

Explore Now Strong quarterly numbers from IT majors Infosys and Wipro and firm cues from other Asian markets may give domestic indices a positive start on Thursday, even as technical charts are showing signs of weakness. Here’s breaking down the pre-market actions: STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 28.5 points, or 0.20 per cent, higher at 14,601, in signs that Dalal Street was headed for a positive start on Thursday. Tech View: Nifty50 sends signs of weaknes...

Technical View: Nifty forms Hanging Man pattern again, analysts say focus on stock-specific opportunities Traders should remain cautious and focus on stock-specific opportunities rather than waging directional bets on the index, Mazhar Mohammad of Chartviewindia.in has said. Sunil Shankar Matkar January 14, 2021 / 05:31 PM IST The Nifty50 closed at a record high for the fifth consecutive session following strength in the afternoon amid volatility...

Ahead of Market: 12 things that will decide stock action on Thursday SECTIONS Share Synopsis Rohit Singre, Senior Technical Analyst at LKP Securities said, "The index has formed a good base near 14,500-14,430 zone and any break below said levels can emerge in more profit booking." Analysts said the index could be in for some consolidation, and believe Nifty testing of the 14,400-14,367 range could put an end to the ongoing strong momentum. Related NEW DELHI: Nifty today touched its fresh all ...

Technical View: Nifty forms Hanging Man pattern, tread with caution though no sell signal yet The index ended at fresh record closing high for the fourth consecutive session but formed a bearish candle which resembles a Hanging Man kind of pattern on the daily charts. Sunil Shankar Matkar January 13, 2021 / 05:44 PM IST The Nifty50  on January 13 recovered smartly from the days low to close flat but failed to regain opening gains. The contractio...