Public Sector Banks are crumbling under bear’s grip, Shares of Major PSU banks are trading lower as they continue to take the hit post PNB Scam. As Charles Dow (the famous forefather of Technical analysis and Inventor of Dow theory) once said “Prices discount everything”, Price action of many Bank shares reflected the Bearish sentiment. […]
A Bearish Price action saga in PSU Banks Read More »
When PNB shares plunged due to scandal, it also affected other Banking sector shares including both public and Private Banks like a ”contagion effect”. Tumbling stock prices are creating opportunity for both Investors and traders alike. Long term investors can find good picks at cheaper value due to irrational behavior of Market prices. Likewise Traders
Yes Bank Price action – Trend Termination and Distribution phase Read More »
From Dec 2017 to date, Gold prices gained almost 12% so far. In the current scenario, when we look at the 4h Chart of Gold (International Spot prices), price movements are struck in the range of 1365 – 1325. Based on chart reading we can assume that both Buying and selling pressure is almost symmetric.
Its Time to keep an eye on Gold’s Price action – Here’s why ! Read More »
Bullish oil rally is another talk of the trading town apart from bitcoin and Stock markets. In the previous few months, oil prices have risen by 12.2%. Many potential factors joined together and pushed Brent Oil above $70 and WTI Crude oil to $66, but this rise may face a potential obstacle in coming weeks.
3 Factors which could test the Uptrend in Crude Oil Read More »
The Indian stock market was extremely bullish which was showcased by the significant rally of Nifty 50 Index, some stocks almost doubled when Nifty reached an All-time high of 11,000. Market experts believe that rally was due to sustained liquidity from both domestic investors and Foreign Institutional Investors. Overseas investors and domestic funds have poured
Stocks that doubled when Nifty rallied to 11000 Read More »