The Nifty IT index has broken crucial trend-line support of 15,900 on closing basis with RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) suggesting a negative trend
MACD crossing above MACD baseline means a positive trend will emerge for the stock/index going ahead.
Till the Nifty is trading above 10,600 levels, one should not be negative on the overall trend. Every dip should be seen as a buying opportunity with an intention to stay in trade
In some stocks, the selloff has been overdone. These stocks, as per their technical chart pattern and the Relative Strength Index (RSI) indicator, have exited the oversold territory
Though it is difficult to predict which way the markets will turn, there are few rules everyone must follow in for stocks trading in the high-risk, high-reward zone
As the stock crosses 200 DMA, the support becomes stronger and resistance gets pushed up higher. When a stock moves up above its 200 DMA, major buying is usually seen around immediate support levels
A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support
Here are three stocks among the Nifty50 index that appear to be oversold as per technical charts
Here are a few stocks that can head down over the next few sessions as per their technical chart patterns