One of the famous Banking Stock which is a part of both Nifty and Bank Nifty is experiencing some radical change in Price Action. We are talking about Axis Bank, the share prices tanked after reporting Q4 loss. Within few candles after the announcement, prices dipped by nearly 4% Take a look at the Price […]
Axis Bank – False Breakout, Trapped Traders and Selloff ! Read More »
Compared to the overall market, Price Action of Bank Nifty is leading this time. It’s mainly because of the performance of top tier banks such as HDFC, ICICI and SBI. Take a look at the Price Action Analysis on Bank Nifty Bank Nifty – Price Action Analysis on 2h Chart When trading in indices such
Bank Nifty – Price Action in Uptrend but Momentum is declining ! Read More »
Well Tata Steel, one of the Popular Tata companies apart from TCS, Tata Consumer Products and Tata Motors is showing some interesting Price Action. After a Downtrend and a persistent sell off from 124 to 102, the stock prices are now testing the resistance zone at 108. Take a look at Price Action Analysis over
Tata Steel – Retracing from Resistance, Trapped Traders! Read More »
Since from the beginning of the year, LIC is in Downtrend. Share prices have fallen by almost 30% so far. Even though the entire market including Nifty, Bank Nifty and Fin Nifty was on shaky foundation this year, LIC has underperformed most of these indices by large degree. Take a look at the Price Action
LIC is in Downtrend and Price Action shows a lack of strength ! Read More »
On the Intraday timeframe Nifty was little volatile and showed some signs of selling pressure. But on Higher time frame, the story is completely different. In 1D Chart, Nifty 50 is in a Downward Range. There’s a fierce battle between Buyers and sellers as we can see sharp price swings in both direction. Prices are
Nifty 50 Price Action retraces from Resistance and Traders are trapped! Read More »