Weekly Market Research Report 04-02-19

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*Pennant Pattern Formation in NIFTY* (Image Source: Spider Software)

Pennant pattern In NIFTY (monthly chart). Looks good above: 10990 Then: 11190, 11390 Looks weak below: 10580 Then: 10380, 10180

Pennant pattern
In NIFTY (monthly chart).
Looks good above: 10990
Then: 11190, 11390
Looks weak Below: 10580
Then: 10380, 10180

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Previous Double Bottom Support in CANBK. 

Previous double bottom support in CANBK.  Looks good Above: 234 Looks weak bellow: 234 (Closing basis)

Previous Double Bottom Support in CANBK

Looks good Above: 234
Looks weak bellow: 234
(Closing basis)

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Previous Positive Gap Support In CEATLTD.

Looks good above: 1085 Looks weak below: 1037 Use “CTRL+Y” in the Chart for Gap.

Previous +ve Gap Support In CEATLTD.

Looks good above: 1085
Looks weak below: 1037
Use “CTRL+Y” in Chart for
Gap.

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Scrips that are crossing 52 Week High:

DIVISLAB, TITAN, DRREDDY & HAVELLS.
(In NSE derivative group)

Scrips that are Crossing 52 Week Lows.

GRASIM, RELINFRA, RCOM, RELCAPITAL, ICICIPRULI, RPOWER &
SAIL. (In NSE derivative group)

  1. Average 14 scrips are above 52 weeks high after last week.
  2. Average 183 scrips were below 52 week low in the last week. (In full exchange)

 

*Add “NEW HIGH/LOW” study form Study selection in NIFTY daily chart to know, How many scripts are making 52 week high or low! (Whenever 52 week high scripts Counts turn above 52 week low scripts counts market can move upward in long term)*

 

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