You Searched For "Nifty IT"
MACD nearing zero line
In any case, if it closes below the zero line, we will see more downside; Better to stay away from fresh and long positions
Charts indicate indecisiveness in mkt
MACD shows an increased bearish momentum; Nifty formed five long-legged Doji candles along with Hanging Man candle
Wait for a breakdown at 19,560 level for shorting
Nifty charts show early sign of trend reversal as it formed Double Top pattern along with a parallel low and lower high on daily charts
Charts indicate over-extension of rally
Nifty has to reverse to the mean level, which means it must test the 20 DMA sooner or later
Charts indicate exhaustion in rally
Nifty closed below the opening level and formed Evening Star candle; Hourly MACD about signal bearish bias; RSI flattened on daily and hourly charts
Nifty hovering in directionless mode
The benchmark index formed an inside bar along with a Doji candle, whereas MACD histogram shows an increase in bearish momentum amid low volume day;...
Charts indicate declining bullish momentum
The weekly and daily RSI is in the neutral zone; The daily RSI declined from a strong bullish zone and flattened for now; The weekly MACD is still...
Avoid aggressive long positions
Nifty closed flat, RSI is below the 60 zone, and MACD is below zero line; Stay with the existing positions with a trialling stop loss
