SBI Share prices declined almost 8.00% within last few days. SBI is not the only one, many other state-run public sector banks fell more than 16%, and some major names such as Indian Bank, Canara bank, IDBI saw negative sentiment. The primary theme driving the share prices of PSU banks is the concern of Investors […]
Forced Government Mergers and Liquidity issues driving PSU Bank Stock prices Read More »
Hexaware share prices are trending higher since 2016. Shares rallied from 184 to 500 within a period of 2 years. But on Last Friday, Shares fell as much as 16.57%, after the company witnessed a series of large block deal orders. The primary reason for the fall is taunted as Promoter stake sale. Bloomberg reported
Hexaware Share prices – Focus on the Price action of Long term trend Read More »
Again in the energy segment, Crude Oil is taking the spot light. Recent Inventory reports and US – Iran sanction drama has kept the Investors astray on Oil prices. Global Crude Oil benchmarks posted a fourth straight gain matching its longest short-term rally since July 20. But still in the Intermediate time frame, Oil prices
Crude Oil – Tug of war between Bulls and Bears with a mix of Macro factors Read More »
The sentiment in Bank Nifty might change in coming weeks as Bank Nifty shows a wide divergence between bank nifty and Momentum. Index prices are making higher highs whereas momentum measured by MACD is stagnating without any direction. It’s a representation that trend is getting weak. As a rule of thumb, momentum must precede price
Bank Nifty shows diverging price action and Momentum of the Trend Read More »
When we look at the Daily chart of ICICI Bank, it’s pretty obvious to witness a strong rally from 260 to 330, that started on July 16 and persisting till to date. In the vocabulary of Richard Wyckoff and Price action Traders, these type of moves are referred as buying climax (when price shoots upward),
ICICI Bank – Climax Movement in Share Prices Read More »