Dead Cat Bounce in Nifty? Heavyweights to Deliver The Verdict
Dead Cat Bounce in Nifty? Index Heavyweights to Deliver the Verdict Soon…
Both index heavyweights remain structurally weak despite the recent bounce.
On the daily timeframe, Reliance Industries and HDFC Bank have transitioned out of bullish Ichimoku regimes. Crucially, the second daily Kumo breakdown in both stocks overlaps with a failed Kijun-sen reclaim, reinforcing bearish continuation rather than base formation.
The weekly picture strengthens this caution. Price has shown multi-week acceptance below weekly equilibrium across both names, signaling institutional comfort at lower levels. Until price can reclaim and sustain above the weekly mean, the ongoing bounce risks remaining a dead cat rather than evolving into a sustainable trend reversal.
Verdict pending — and it rests squarely with these heavyweights
Both index heavyweights remain structurally weak despite the recent bounce.
On the daily timeframe, Reliance Industries and HDFC Bank have transitioned out of bullish Ichimoku regimes. Crucially, the second daily Kumo breakdown in both stocks overlaps with a failed Kijun-sen reclaim, reinforcing bearish continuation rather than base formation.
The weekly picture strengthens this caution. Price has shown multi-week acceptance below weekly equilibrium across both names, signaling institutional comfort at lower levels. Until price can reclaim and sustain above the weekly mean, the ongoing bounce risks remaining a dead cat rather than evolving into a sustainable trend reversal.
Verdict pending — and it rests squarely with these heavyweights
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.