My page - topic 1, topic 2, topic 3

Also Visit for Trending News & Article

 Postbox India

Business

Stock Exchange – Market Outlook for this Week! 2/5/2022

2 Mins read

Stock Exchange – Market Outlook for this Week!

Nifty started the week on a flat note and traded with extreme volatility on either side throughout the week. Nifty closed at 17110 with a loss of 69 points on a weekly basis. On the weekly chart the index has formed a “Doji” candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17500 level it would witness buying which would lead the index towards 17800- 18000 levels.

 

Also Read: https://postboxlive.com/film-making-courses-in-bangalore-how-to-make-zero-budget-film/

However, if index breaks below 17000 level it would witness selling which would take the index towards 16800- 16500

Nifty CMP- 17110

Support- 17000-16500

Resistance- 17400-18000

Stock Exchange – Tech Stock for this Week- Ami Organics Limited

On the daily chart, the stock has decisively broken out of a symmetrical triangle formation. This buying momentum was observed from 20-day SMA (1050) and rebounded sharply. The daily and weekly “band Bollinger” buy signal reconfirm positive bias. The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term. Sharp rise in volume indicates buying near the breakout level.

CMP-1129

Buy Range- 1120-1100

Stop Loss- 1050

Target- 1220-1240

Stock Exchange – Tech Stock for this Week– BSE Limited

On the daily chart, the stock has reversed a down sloping trendline on a closing basis indicating resumption of uptrend. This buying momentum was observed from its 100 day SMA (800) and rebounded very sharply. Rising volumes on a rally implies increased participation at breakout zone.

The weekly “band Bollinger” buy signal reconfirm positive bias.

Buy Range- 890-880

Stop Loss- 850

Target- 1060

Stock Exchange – Dear Readers, if you stuck in some equity investment & need expert advice then email us, we will reply on particular stock!

Vivek Dhumale

SEBI Registered Research Analyst.

[email protected]

www.hotshotadvisory.com

 

Also Visit : https://www.postboxindia.com

Also Visit : https://www.postboxlive.com

Subscribe and be a part of the movement to make wisdom go viral :

https://www.youtube.com/channel/UCto0

Subscribe our YouTube Channel :

https://www.youtube.com/channel/UCto0

Postbox India Under rule 18 of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. Ministry of Information & Broadcasting, Government of India. Postbox India is a News, Advertisement & Content Development Company. Postbox India & Postbox live web Portal’s is Postbox India’s Leading Online Platform which is a best when it comes to Editorial, Blogs, Advertisement, News Online. We Provide the best Authentic, Most Relevant Blogs and News for viewers who Always wants to read News Around the World. Postbox India Services in to Media Sector, Government, Financial, Investment, Business Corporate Industry for News, Multimedia Content, National-International Advertising Products.

Website : https://www.postboxindia.com

Website : https://www.posboxlive.com

Facebook : https://www.facebook.com/indiapostbox

Instagram : http://www.Instagram.com/indiapostbox

LinkedIn : https://www.linkedin.com/in/postboxindia

Tumbler : https://postboxindia.tumblr.com/

Twitter : https://twitter.com/IndiaPostbox 

Telegram : t.me/postboxindia

Postbox India
Anytime Everything

Leave a Reply

error: Content is protected !!
%d bloggers like this: