Bollinger Bands- Stock is moving along the upper bollinger bands, it indicates bullishness.
RSI- It is at 70 and expected to reach 75-80
Volume- There is not any sudden variation in volume, indicating trend continuation.
Bollinger Bands- Stock is moving along the upper level of the bollinger bands in weekly time frame indicating bullishness in the stock.
RSI- It is at 74 and expected to reach till 80.
Volume- There is not any variation in volume, indicating trend continuation.
1- Nifty formed Piercing batter on daily chart, it indicates bullish reversal.
2- On weekly chart it has formed a hammer candle.
3- On friday nifty has taken support at 14360 level and strongly rebounded
4- Global cues turned negative following a spike in the US bond yields and a surge in COVID-19 cases across the globe, including India, leading to some bit of profit-taking at higher levels.
5- Foreign institutional investors (FII) continue to remain net buyers in the cash segment of the Indian equity markets. FIIs were net buyers for more than Rs 9000 crore so far in March, while domestic institutional investors were net sellers for more than Rs 4,400 crore in the same period.
We at Tstock Mantra Investments by Amruta Tushar Ghone provide complete Financial Planning for an individual i.e., Mutual Funds, Insurance planning, Retirement planning, and so on.
Read more such informative blogs on our blog page, and enhance your financial knowledge. To join our free telegram channel for valuable information, https://t.me/MMTC123