#ChartOfTheDay Sudharshan Chemical Industries zoomed 10.5% on more than 16 times the 50-day average volume. Recently, the stock broke out of a 10-week long consolidation base pattern and it is currently trading 21.5% above its pivot price of Rs 484.
How to Read Charts with Skill and Identify Correct Buy Points – MarketSmith India Webinar – 17th April 2018
[embedyt] https://www.youtube.com/watch?v=n-IN4FyIJqo[/embedyt]
How to Read Charts with Skill and Identify Correct Buy Points – MarketSmith India Webinar covers the following:
• Why Use Charts
• Chart Reading
• Basics of Daily and Weekly Charts
• What to Look for in a Chart
• How to Find Winning Stocks Using Chart Patterns – Cup-with-Handle, Double Bottom, Flat Base
• How to Improve Your Chart-Reading Skills
Daily Big Picture – Win Streak Ends For Nifty Due To Late Selling
Today’s Action:
Key indices snap their best run over past three years but escape distribution day.
Daily Market Review:
Bears returned to the scene, as the Indian equity market snapped its nine-session winning streak in a highly volatile trading session today.
Tracking strong global cues, the benchmark indices accumulated decent gains in the first half, but succumbed to profit booking in the final hour of the session. Continue reading “Daily Big Picture – Win Streak Ends For Nifty Due To Late Selling”
Chart Of The Day – Bajaj Electricals Takes Off In Style
Bajaj Electricals continued to hog the limelight, as the stock witnessed another strong up session today. The stock surged 5.6% on more than eight times the 50-day average volume. The stock raced to a new high and is currently trading 18% above its pivot price of Rs 556.65. The Company has recently won electrification projects worth over Rs 6,000 crore.
Daily Big Picture – Key Indices Pocket Small Gains In A Sombre Session
Today’s Action:
Major composites extend winning streak to nine sessions.
Daily Market Review:
Benchmark indices continued their winning run, accumulating gains for the ninth session in a row.
Both the Nifty and the Sensex remained range-bound today, before ending higher by 0.2% and 0.3%, respectively.
A feather in the market’s cap is that frontline indices have not seen a negative session let alone a distribution day since the April 5 follow-through day. Continue reading “Daily Big Picture – Key Indices Pocket Small Gains In A Sombre Session”