Bollinger Bands- Stock is at the upper level of the bollinger bands indicating bullishness.
RSI- It is at 70 level and expected to reach 75-80 level.
Volume- There is not any sudden variation in volume indicating trend continuation
Bollinger Bands- Stock is riding the upper level of the bollinger bands indicating bullishness in the stock.
RSI- It is at 69 level , expected to reach 75-80
Volume- There is not any sudden variation in volume , it indicates trend continuation
Bollinger Bands- Stock just broke its congested phase in bollinger bands and now riding the upper level of the bands, it shows strong bullishness in the stock.
RSI- It is at 85 level , and expected to stay in this range for some time.
Volume- Stock broke the congested weekly zone with good volume, indicating bullishness.
1- Nifty manages to hold on to 15000 level, which is a positive sign for the market.
2- It made a Doji pattern on weekly charts, closed with indecision.
3- Volatility was high due to rise in the U.S bond yields.
4- There will close watch on the U.S Fed metting of 16th & 17th March.
5- Increased covid cased in Maharashtra and in some other states could have negative impact on the market due to worry of localized lockdown in some places.
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