Stock Market Report For The week 20-11-2022

 

NIFTY

As per 1st Daily chart we see that Price Made New High as White Arrow, 

But MACD not as per High and RSI also not made high.

As per Last RSI pane we see that is break trend line also and close below that. 

 So in coming week if Price break this week Low and Close Below that is 1st Confirmation that market may Trend change from Up to Down,

As per 2nd Weekly chart we see that is near All Time High but made a Bearish Candle. 

So if this Week Low Break then we see some Down Move. 

 
    

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NiftyBank

As per Below 2 NiftyBank chart show Trend line. 1st chart show Ending Diagonal Pattern On TOP.

As per 2nd chart we see that is made High as Resistance trend line. So if this week Low Break that see some Down move in this Index also. 

AS per  This Daily chart we see price at All Time High But again Indicators Not made.

We see MACD is at Low Level but Not Negative Cross Over, 

And RSI also Not at High. RSI break Trend Line From Swing Low and Price at Just above Trend line. 

So if coming Week MACD negative cross over and Price Break Last week Low that we see some down move as per chart also.

 

 

As per this chart we see that Its Trade at All Time High But at that Point Price is not in Break out Force.

As per 2nd FIBO Chart we see that price touch 161.8% of last swing. which is very important Resistance Level. So Coming days if fail to cross this 42777 approx level then we see some down move.

Summary :- As per both Index NIFTY & NIFTYBANK chart we see some correction Mode.

So Trade Accordingly.

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Now We see Some Stocks.

AFFLE

As per Daily chart we see that Break up last 4 candle with "Out Side Reversal" Candle with very good Volume. with that we see 21&34 EMA positive cross over also there and find support near that level also. so coming Days if sustain above 1300 Then we see some good Up move till 1360/70 and ++. 

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BALKRISIND

As per Weekly chart we see that Break almost 8 week Range with New low and then Reverse up with very good Volume and Made "OUT SIDE REVERSAL" candle. if coming days cross 2005 (21EMA) then we see More Upside Till 2045-55-65 and then 2230-50 Zone..

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IFBIND

As Per 1st chart we see that Break Resistance Trend Line with Very good Volume and Success to close above that also. As per 2nd chart we see that Now is in Higher Bottom Higher Top Formation Mode. We see that Break last 6-8 week range and 21&34 Week EMA with good volume.  So coming week if Sustain above 1050 The chance that we see more upside like 1190-1290-1365.

Please Share Your Comments.

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