The golden ratio is typically translated into three percentages: 38.2 per cent, 50 per cent, and 61.8 per cent, which are considered key retracement levels for a stock or an index.
Among the Nifty 500 stocks, the overall trend appears to be extremely bullish. The chart pattern of the Nifty 500 index also suggests the possibility of more buying in these scrips in the days ahead
Most defence-related stocks gained ground on Monday post the development with Bharat Dynamics up nearly 8 per cent at Rs 452 on the BSE
Shares of cement makers have done well at the bourses over the past few weeks after sector majors UltraTech Cement, ACC and Ambuja Cements reported good operational performance in the June quarter
Interest rate sensitive stocks traded in a narrow range. Realty stocks, however, bucked the trend with the Nifty Realty index rallying over 1 per cent post the development.
This pattern signals a bearish sentiment and one should be cautious once this pattern is visible on the charts.
Stocks of multiplex operators have been under pressure ever since the government announced a nationwide lockdown to arrest the spread of the Covid-19 pandemic
With the benchmark indices trading in a narrow range on Monday, here are key levels for index heavyweights that can help you plan your trading strategy.
The most widely used, the 200 DMA, is a technical indicator used to analyse and identify long term trends
This is viewed as an extremely bullish pattern as continuous three positive closes indicate the beginning of a strong buying
The results outcome have seen profit booking on the gap up opening
A bearish divergence on RSI indicates that price is holding the momentum upward.
With a positive crossover of the 50-day moving average (DMA) with 100-DMA, the metal index can breakout above the trendline resistance of 2,150 levels.
Rail-related stocks are back in focus after Indian Railway said that India is likely to see its first privately operated train running by April 2023
ADX has a strong significance from a long-term perspective. However, recent years have seen traders using it for a short-to-medium term perspective.
Most stocks need to conquer their 200-DMA for the next surge.
Petrol prices on Friday crossed the Rs-80 mark in Delhi as OMCs announced the 20th hike in a row. Petrol price was increased by 21 paise to Rs 80.13 per litre in Delhi. Diesel jumped by 17 paise
Here's a look at what major technical indicators suggest for Nifty Bank and its key constituents and what should be your trading strategy
One can develop his/her own remote model, which should be able to achieve over 80 per cent accuracy.
One needs to first gauge the overall trend by correlating different indicators and chart patterns with price momentum