Nifty 50

1- On a daily scale nifty formed a Doji candle, which means it closed where it opens. On a weekly scale, it made a red candle.

2- Doji candles indicates that there is  indecision  in the market.

3-On 26th March nifty closed slightly up driven by buying and short covering.

4-India VIX fell by 9.03 percent from 22.69 to 20.65 levels.

Comments-

Bollinger Bands- Stock is moving in the upper level of Bollinger bands, indicating bullishness.

RSI- It is at 72 levels, expected to reach  till 75 -80

Volume- There is not any sudden variation in volume, indicating trend continuation.

Comments-

Bollinger Bands- Stock has closed above the 20 SMA of Bollinger bands, indicating upward movement.

RSI- It is 58 level and expects to reach 65-70 level

Volume- There is not any sudden variation in volume, indicating a positive outlook.

 

Comments-

Bollinger Bands- Stock is moving along the upper Bollinger bands, indicating bullishness in the stock.

RSI- It is at 65 levels and expected to reach 75-80

Volume- There is not any sudden variation in volume, indicating trend continuation.

 

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