Nifty with Advance Decline Line (Daily Chart) The AD line has made a bullish divergence. This probably indicates an intermediate bottom. However we need a confirmation by way of a close above 6150.00 to validate this bullish divergence. Read more »
The best performing sectorial indices: CNX PHARMA CNX FMCG CNX BANK INDEX CNX FINANCE CNX CONSUMPTION CNX AUTO The worst performing sectorial indices: CNX METAL CNX REALTY CNX IT INDEX CNX COMMODITIES CNX INFRA CNX PSU BANK Read more »
The best performing sectorial indices: Sector CNX IT INDEX CNX MEDIA CNX SERVICE CNX PHARMA CNX CONSUMPTION CNX FMCG CNX REALTY The worst performing sectorial indices: Sector CNX METAL CNX MNC CNX SMALLCAP CNX COMMODITIES CNX INFRA CNX MIDCAP * CNX PSE Read more »
The NSE 50 Nifty has remained in a trading range since its peak of 6357.00 in January 2008. It has been five years since that peak and we still are within a contracting trading range. This contracting trading range is in the form of an ascending triangle pattern. The ascending triangle [...] Read more »
What are retracements? Prices of most freely traded securities never move up or down in a straight line. Prices of these securities generally pause or correct their previous move before resuming their trend. This pause or correction in prices within a trend is called a retracement. The predictability of retracements [...] Read more »
Like Trendlines, Channel lines (also referred to as parallel lines) are indicators drawn on price charts – but they’re used for identifying support and resistance levels. In essence, channel lines are straight lines drawn parallel to the trendline. In the case of an uptrend, the channel line is drawn above [...] Read more »
Support and resistance levels play a crucial role in determining the trend. A trend it generally defined taking the behaviour of previous support and resistance levels. For example an up trend is defined when security prices make a series of higher highs and higher lows. These series of higher highs [...] Read more »
Broadly, technical analysts guage trends across three different perspectives. These perspectives relate to periods of time, and each trend is analysed over a specific duration. (Although different investors use different time definitions, by and large, trends are categorised into three time spans as suggested by Charles Dow below) : Primary [...] Read more »
The first objective of any successful trader is to identify the prevailing trend in that security or market. This article will show you how. In a price/volume graph, the x axis (horizontal) shows time, and the y axis (vertical) shows price or volume. The trend itself is revealed in the [...] Read more »
In the financial markets it is a well known fact that security prices move up or down because of the constant battle between bulls (buyers) and bears (sellers). The bulls push the prices up. The bears push the prices down. And the Trend is the end direction that the price [...] Read more »