NIFTY -- BULLISH CHART PATTERN NIFTY -- HOURLY CHART -- BULLISH CHART PATTERN
1. Recent fall of nifty from high level lower channel seen till 15800 level where nifty form double bottom at 15800 level
2. After double bottom formation nifty at trading at upper channel
3. consecutive support taken at lower level of upper channel has seen where trend follow as uptrend higher top and higher bottom seen
4. recent support taken at lower level of upper channel arround 16200 and last 2 trading session nifty seen bullish up by
M-pattern
USDCHF pullback is in the offing, focus on SNB’s JordanUSDCHF prints a five-day uptrend to refresh the yearly high at around 0.9460. The pair’s latest upswing took place from the 21-DMA and monthly support line. However, the overbought RSI and April 2021 peak near 0.9475 challenge the pair buyers ahead of a speech from the Swiss National Bank (SNB) Chairman Thomas Jordan. Even if the quote rises past 0.9475, an upward sloping trend line from late September, around 0.9485, will act like a tough nut to crack for the bulls. Also acting as an upward bar
Weak signs in IT sectorIT sector is showing a huge divergence with respect to NIFTY 500. The relative strength is on a decline but the price is surging up. This seems to be a classic distribution pattern. In the near future we might see slowdown in IT stocks. The price action is also showing a broadning pattern which indicates high voltality in price action.
Time to risk off in IT stocks?
☺️ Wait for engulfing bar go for sellHi guys wait for the engulfing bar and go for sell minimum profit (took:intraday
BShort
SRFSRF Limited is a holding company engaged in manufacturing of chemicals and polymers, technical textiles and packaging films.
Current price is more than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock doesn't offer attractive dividend returns
Low probability of default in next 12 months
In last 3 months, mutual fund holding of the company has decreased by 1.26%
PE Ratio 61.1 Sector PE 480.64
Largecap
With a market cap of ₹73,192 cr,
Over the last 5 years,























