Stock Market Report For The Week of 08-01-2023.

 

 Momentum Stock Of the Week.

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NIFTY

As Per 1st Daily chart we see Break Trend Line and Close Below That.

 

 

As per this 2nd Daily chart we see that made low near last Month Low.

As per 3rd Weekly chart we see that Trend Line from 15181 Low is also break and last week test that trend line and again this week fall from that Line and Close near Low.

 As per 4th Weekly chart we see that again close just above 21W EMA. if Break this then we see more down side. Still that we are in a range of 17800 to 18300.

 

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BANKNIFTY

AS per 1st Daily Chart we see that Break Support Trend Line and Close Below that.

 

As per this 2nd Daily Chart we see that next  Support Zone near 41840 to 41570. 

 

 

As Per this chart we see that again close below that Support Trend Line. So Below 41500 Close then we see More down side. Still we are in a Range.
 

 

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BALMLAWRIE

 

As per this weekly chart we see that break Triangle pattern with good Volume.

 

As per this 2nd Weekly chart we see that Highest Close in Last 6 month.With that we see 21 & 34W EMA Positive Cross over also active this Week. 

 

As per Weekly Ratio Chart we see that More then 2.5Yrs Falling Trend Line brake and Close above that. if Hold this week high then we see Some Good Up move in Coming Weeks and Months. 

 

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 GODREJCP

As Per thsi Weekly Chart we see that Break Triangle Pattern With "Bullish Doji Morning Star" Candlestick Pattern WIth Good Volume.

 

As per this Vertical Support line we see that Find Support at 21&34W EMA and Bounce. in Coming Days Cross 935 then cross almost 4-5 rang Break. Then we see some good Up move in coming Days.

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ICICIGI

As per 1st Weekly chart we see that Break more then 1yr Falling Trend Line and Close above that with good Volume.

 

 As per this 2nd Weekly Chart we see Break last 4weeks range and Close above that also.

As per this Chart we see that  Close near 61.8% of last Swing. so if cross 1290 then we see some good Up move in coming Weeks.

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Some Chart For Self Study.

BEPL

 

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HDFCLIFE

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SURYAROSNI

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