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The Indian market closed sharply lower on Tuesday, as a late-morning selloff dragged benchmark indices to their lowest levels in more than two months. At the end of the session, the BSE Sensex declined 1065.7 points or 1.28% to close at 82,180.47, while the NSE Nifty 50 slipped lower by 353 points or 1.38%, settling…
Does Ichimoku Cloud Work? Success Rates & Settings Tested
Ichimoku Cloud, or “Ichimoku Kinko Hyo,” is a moving average-based chart indicator that visualizes the market’s direction, momentum, and support/resistance levels. Using TrendSpider’s advanced backtesting engine, we scientifically tested Ichimoku cloud accuracy, settings, and success rates. Backtesting the Ichimoku Cloud strategy on the DJ-30 Index stocks over 20 years resulted in 600 years of testing…
HSBC raises Ola Electric target price to Rs 49 but sticks with hold rating. What’s behind the caution?
HSBC Global Research has raised its target price on Ola Electric Mobility to Rs 49 from Rs 45, while maintaining a “hold” rating on the stock following a better-than-expected gross margin performance in the company’s first-quarter results. The brokerage said it remains cautious about long-term margin headwinds stemming from uncertainties around government incentives for battery…
