RSI

Gold slumped to a 16-month low last week but managed to recover and end the week with a 1.1 per cent gain bringing a halt to its five week losing streak. Despite the recovery, there is little encouragement for yjegold bulls as they face the…

The markets had a strong week much on the expected lines. In the previous weekly note, it was categorically mentioned that the markets may resume their up move after a brief period of consolidation. Over the past five sessions, the markets…

Nifty50 on Friday climbed for the sixth session in a row and, in the process, took out the 16,700 level on a closing basis. The index formed a bullish candle on the daily chart and a solid bullish candle on the weekly scale. Analysts…

NEW DELHI: The Nifty50 on Wednesday climbed for the fourth straight session and, in the process, topped the 16,500 level on a closing basis. That said, the index ended up forming an indecisive bearish candle on the daily chart after a…

The Nifty50 on Friday snapped a four-day losing streak and ended above its 50-day simple moving average. The index formed a bullish candle on the daily chart with a long-lower wick, suggesting a Hammer-like reversal candle. With this, the…

A bearish candle with upper and lower shadow signals a formation of a high wave type candle pattern, which reflects high volatility in the market. "Normally, a formation of such a pattern after a reasonable upside or decline indicates an…

Nifty50 on Tuesday formed a small bearish candle on the daily chart and moved below its 50-day simple moving average. Analysts said the index has failed to see a follow-up buying after recently breaking out of a strong hurdle. They believe…

After taking a breather in the week before this one, the equity markets resumed their up move. The headline index continued with its pullback and moved past a few important levels while protecting the key supports. Over the past five…

Nifty50 on Friday formed a Hammer-like candle on the daily chart. On the weekly scale, it made a bearish candle with a long lower wick. Analysts said the index is in a consolidation range, wherein it has strong support in the 15,500-15,600…

Nifty50 on Thursday saw selling pressure near 15,900 level, as it eventually closed near its opening levels, forming a Long Legged Doji on the daily chart. Such a candle suggests indecisiveness among traders. Analysts said the index needs…