Weekly Market Research Report 04-05-19

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Scrips crossing 52 Weeks High:

  • HDFCBANK
  • SRF
  • KOTAKBANK
  • PVR
  • BALRAMCHIN

The above scrips look good in NIFTY 500 group.

Scrips crossing 52 Weeks Low:

  • MRF
  • TVTODAY
  • RPOWER
  • IFCI
  • CADILAHC
  • COX&KINGS
  • IDBI

The Above scrips look weak in NIFTY 500 Group.

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Scrips near 5% of 52 Week High

  • KALPATPOWR
  • SHREECEM
  • BAJAJ-AUTO
  • LTTS
  • VOLTAS

(Nifty 500 group, Generate report from: Reports > Bhav copy > Nse Cash > 52 week high > within % of low scrips previous High/Low)

Scrips near 5% of 52 Week LOW

  • TATACHEM
  • CEATLTD
  • BOSCHLTD
  • M&M
  • RALLIS
  • BRITANIA

(Nifty 500 group, Generate report from: Reports > Bhav copy > Nse Cash > 52 week high > within % of low scrips previous High/Low)

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Side by Side White Gap up Candlestick Pattern In HDFCLIFE (Daily Chart).

LOOKS GOOD:

Can be: 429, 447 & 466

Weak below: 401

Side By Side White Gap Up : The up gap side by side white lines is a bullish continuation pattern with the following characteristics:The market is in an uptrend. The first candle is a green candle.The second candle opens above the close of the first candle (gap up).The third candle has a real body with the same length as the second candle with an open that’s at the almost same level or higher than the real body of the first candle.

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Negative Divergence With multiple high with RSI In NIFTY.

Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. Negative divergence points to lower prices in the future. It occurs when the price is moving higher but a technical indicator is moving lower or showing bearish signals.

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