Trend Tracker On Tuesday, the benchmark Sensex closed nearly flat with a slight negative bias, slipping 14 points to settle at 82,186. Despite the subdued market action, nine stocks from the BSE Commodities Index hit their 52-week highs, marking their highest levels in the past year. Such breakout moves are typically viewed by traders and … Read more
India’s equity markets extended their winning streak for a seventh consecutive session on Wednesday, with a bullish breadth signal flashing across the broader market. According to Axis Securities, more than 80% of the stocks in the NSE500 index closed above their 50-day moving average—a technical threshold that historically suggests broad-based positive momentum. Axis Securities noted … Read more
On April 11, eight stocks in the Nifty500 pack came to the bullish scanner of “White Marubozu”, according to stockedge.com’s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest. Represented … Read more