Home / BUSINESS / BULLS AND BEARS – MARKETS AHEAD
BULLS AND BEARS  - MARKETS AHEAD
(Image Credits- Moneycontrol)

BULLS AND BEARS – MARKETS AHEAD

CREALTH NIFTY VIEW

Nifty has formed a Hammer on weekly charts consecutively which again shows indecision among the Bulls and Bears! Though in the process of the formation of a hammer Nifty Fut has created a Triple Top at 9982 which is a sign of danger for the bulls. All lagging indicators/oscillators like RSI, Stochastics, MACD are at DIVERGENCE which is again a danger sign for bulls as divergence in indicators are a clear sign of a 8-10% correction in near term. A new trend will be established this week if Nifty breaks 9980 on the upper side or 9880 on the down side on closing basis which could show a 200-250 point move either side. The pick-up in volumes in Nifty in the past 2 week have given an early indication that a breakout or breakdown will happen in the coming week.

CREALTH Technical Funda

Hammer – A hammer is a candlestick chart pattern that occurs when a security trades significantly lower than its opening, but closes either above or near its opening price. This pattern forms a hammer-shaped candlestick, in which the body is at least half the size of the tail or wick. The pattern has different names/significance in different time frames :-
Made at a downtrend – Reversal Pattern which states that the security can bottom out at the current price. It means that the stock can rise significantly from current levels.
Made at a uptrend (Hanging Man) – A Hammer is called a Hanging Man when it is made in a uptrend. It states a Reversal/Indecision Pattern which states that the security may fall or move sideways for the next few days. It means either the stock will fall or move in a certain range for the next few days.
Made at the middle of a trend – Breakout/Breakdown Pattern which states that the security may either give a big rise or big fall in the next few days.


NIFTY STRATEGY

About Yash Dugar

Yash Dugar
Yash is a passionate entrepreneur who is the Founder of Investment Research firm named CREALTH RESEARCH! Being a NISM Certified Investment Advisor he has done GFMP course from BSE Institute and a CFP in making. He has also been the curator of TEDxBESC & is a die heart social worker actively working with two NGO's namely Yahvi & Tiljala Shed.

Check Also

Japanese Lifestyle Brand Usupso aims for big expansion by 2020

Japanese Lifestyle Brand Usupso aims for big expansion by 2020

The minimalist Japanese lifestyle brand, Usupso, is on a target to launch more than 100 …

Leave a Reply

Your email address will not be published. Required fields are marked *

Postman,Postman News,Postmannews,Piyush Goyal education,Suresh Prabhu education