The key significance of the DPO is to identify the price cycle. The idea is to capitalize on the short-term trend, based on the past performances.
Automobile and financial stocks dominate the list of companies where analysts have scaled back their earnings estimates for FY22
The basic philosophy of CCI is based on the assumption that commodities, stocks and bonds trade in a cycle with a peak and a trough arrived at on a periodic basis.
This pattern indicates a negative sentiment in the stock which, if met with follow-up selling, can aggravate the negative sentiment further
Generally, trading in line with the direction of the market sentiment is considered a safer approach, since the risk-return ratio is more favourable
In general, 52-week high represents a resistance level and 52-week low the support levels, and their breach is considered a key development
Stocks like SBI and Bank of Baroda can expect a surge of over 5 per cent in coming sessions.
A dead cat bounce suggests that more weakness is likely to emerge in the near term
Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart
Major banking stocks have broken crucial supports
The weekly chart of Thomas Cook shows a consolidation breakout above Rs 40, indicating a positive outlook from a medium-term scale
Although there are ups and downs in the market cycle, having an in-depth understanding of these phases facilitates the trading behaviour and improves the trader's morale
If IDFC First Bank stock stays above the Rs 70-mark, it may rally in the direction of Rs 120 and Rs 135 from a medium-term perspective
With Friday's move, 15,200 - 15,400 has become a sturdy wall for Nifty and it would really be a daunting task surpassing this in the absence of any major trigger
A breakout may lead the stock to Rs 480 and Rs 500 levels
We can witness short-covering move along with addition of fresh position only if Nifty breaches 15,250
Tata Motors has witnessed a fresh breakout on March 2, after consolidating in a range for a month
Whenever the stock price shows a reversal near the major moving averages, the turnaround is expected to be sharp, and the volumes tend to increase
With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels
With a strong up move on March 1, 2021, the stock of Sun Pharmaceuticals now needs to cross the resistance of Rs 620 mark to see a breakout rally towards Rs 640 and Rs 655 levels