Stop loss: 1020-1030 Target: 1060-1080 PVR Inox on the one-hour timeframe shows a sharp bullish reversal after a deep corrective phase, with price rebounding strongly from the Rs 970–980 demand zone and reclaiming key short-term EMAs in a single impulsive move. The strong bullish candle indicates aggressive buying, while RSI has surged from oversold levels…
Nifty closed lower on Monday, marking their second consecutive decline. Except for IT, selling pressure was broad-based, with realty, metal and chemical stocks seeing the sharpest losses. The index has closed below its 50 EMA on the hourly chart. Commenting on the day’s action, Vatsal Bhuva, Technical Analyst at LKP Securities the index has slipped…
The markets continued consolidating for the third day in a row and closed Friday on a flat note. The markets saw a stronger-than-expected start and trended higher, forming its high point in the morning session. However, by afternoon, the Nifty had given up all its gains and had also slipped into the negative zone, forming…