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The Nifty finished the week to record the week about 1% low sixth -continuous negative weekly waterfall. How Berish are we in the chart?
The Nifty recorded its sixth weekly weekly, which marks one of the longest damage on the weekly chart. In its history, there are very few examples where the index posted five or more weekly decreases, with the longest decline in the nine weeks in early 2001.
On Friday, the Nifty moved south as it failed to sustain more than 50 EMAs on an hourly chart, showing continuous sale pressure. In addition, the index closed below the critical support level of 24,400, strengthening the bear’s power. The sentiment was already bent to the bearish side, in which the index creates a lower-top, lower-lower pattern. The short -term trend remains weak, with potential loss targets 24,150–24,200 and 24,000 or less. On the other hand, if the Nifty manages a crucial move above 24,660, this is likely to be against the bearish trend.
Do you think the uptick we see in the Nifty PSU Bank is durable or can be booked ahead?
Living events
During the week, the Nifty PSU Bank index saw light enthusiasm as it received support on 21 EMA on a weekly chart for the second consecutive week. However, given the strong bearish spirit in the widespread Indian equity market, it is difficult to expect the index above the 21-week EMA in the coming weeks. The crucial decline below 6,750 can stimulate a stronger downtrend in the space, while the move above 000,3 can attract the interest of a new purchase.
The widespread market saw sharp cuts over a week. Do you think traders can continue this related underperformance amidst tariff related tensions?
India and the US In the middle of the tariff battle, the traders were quick to flaw their leverage status in most risky midcaps and small caps, which led to a sharp decrease in the indicators. Despite the uncertainties on, more cuts in the short term look very likely. Technically, the index slip below 21 EMA on the weekly deadline, indicating growing bearish bets in space. Therefore, in the short run it will be wise.
PG electroplast shares fell 20% on Friday. Will you see some bottom opportunities ahead?
The stock has seen a sharp decline, collapsing since its recent consolidation phase. Moreover, the fall was with high volume. The chart looks extremely weak, and more damage looks potential. Exit on bounce seems to be a better strategy than the bottom-fishing attempt.
Give us your top elections for the next week.
Buy Maid on 1420 Target: 1500 | Stop-Loss: 1379
The recent consolidation of the stock has given a strong breakout, which shows the growing optimism among investors. The RSI indicator is in the crossover of the boom and trends upwards, supporting the positive price speed. Stock is sustaining a crucial moving average on the daily chart. In the short term, prices are likely to remain strong with the possibility of rising toward 1500, while support is placed at 1379.
Buy CDSL over 1565 | Target: 1620 | Stop-Loss: 1520
In the short term, the stock has gone out of the phase of consolidation, increasing the probability of a boom. Continuous moves above 1565 can strengthen positive pace. In the short term, the trend is expected to be positive with the possibility of moving towards 1620, while the decline below 1520 weakens the spirit.
Tata Motors Aug Futures Sell around 635: 615 | Stop-Loss: 646
Stimulating the bearish spirit, the recent consolidation has reduced the stock. It sustains the downtrend, confirming the key moving average on both daily and hourly charts. With the possibility of reaching 615 in the short term, further improvement seems possible from the current level. On the high side, the resistance is placed at 645–646; The break above this series can contribute to the current trend.
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