The #Paytm Saga – When Geniuses failed.
Paytm, the leading Fintech, has been a case for mass destruction despite as a product; it is no doubt that the Founder of Paytm, Vijay Shekhar Sharma’s view, was ahead of time. But interestingly, the stock has been eye candy for traders and investors who always look to pull the trigger on this stock. Be […]
Narayana Hrudayalaya – 20% Upside?
NH is retracing for a Dip further to extend the bullish rally to the new ATH. The chart structure is a classic example of how stock consolidates and moves out to break and how previous resistance becomes support. After the breakout from a rectangular pattern, the stock rallied towards 1,300 odd levels and, at present, […]
Railway Stocks and IRFC.NSE / IRFC
This one stock has probably made many some good amount of money(including our clients and myself) and has given many the worst feeling one can have in the market; the F.O.M.O. Yes, The Fear Of Missing Out is one decision that brings in regret which is not addressed in even behavioral finance and at the […]
SBIN – The Leader of PSUs
SBIN.NSE, State Bank of India, one of the largest and leading PSU banks, has recently given a breakout on weekly and daily scales, indicating the current bullish run would have it as one of the leaders. The breakout above 621, Gap Up, Volumes, ADX, and all other variables indicate this to sustain in the coming […]
Nifty 50 – “Never Short a Dull Market”!
The outlook on the Nifty 50 Index stands very straight with no BS. It is Bullish. The RSI – Momentum On the Daily timeframe, RSI is above the 80 mark. No, it’s not overbought; it indicates a thrust in the price action on the upside based on its recent AVG gains, which outweighed the average […]
21096 : Nifty50 likely to face some resistance
The Nifty index confronts a pivotal resistance at 21,096, a critical 1.618 Fibonacci threshold. This Fibonacci level holds substantial importance, often halting or redirecting price movements. The 1.618 Fibonacci extension, derived from the Fibonacci sequence, signifies a powerful point of resistance or support in market trends. For the Nifty, breaching 21,096 implies a significant […]