The market removed all the previous two days and corrected 1.3 percent on February 11 because of the US inflation scale of 40 years to anticipate a new interest rate increase by the Fed and oil prices floated more than seven years. All sectors contribute to autumn Sensex BSE looted 231 points to 17,375, and Nifty50 fell 773 points to 58,153, while the Nifty MIDCAP 100 index and Smallcap 100 each decreased by more than 2 percent each.
The focus shares include Schneider’s electricity infrastructure, which side by side 19.73 percent to close near the high day at Rs 128.35, Rhi Magnesita India, which rose 14.35 percent to Rs 486.05, and JSW Energy, which surged 5 percent became RS 341.30, Edge Info fell 6 percent to Rs 4,595.65 This is what Rajesh Palviya from Axis Securities recommends investors to be done with this stock when the market continues today’s trade:
On the weekly chart, the stock has observed the breakout of the “multiple resistance zone” one year at the RS 122 level on the basis of closure. In addition, it also damages the “sloping channel” which shows a trend reversal. The momentum of this purchase was observed from the 100 and 200 high school support zone (simple moving average) which confirmed the positive bias Increased volume near the breakout zone indicates an increase in participation. The Daily and Weekly “Bollinger Band Band Band Signal shows an increase in momentum up.
Daily, weekly and monthly strength indicators (relative strength index) in bullish mode that support increasing strength and momentum Investors must buy, hold back, and pile up this stock with the upside down RS 145-155, with the downside support zone from the RS 115-112 level Stock is in a strong trend throughout the time frame that forms a higher set of peaks and lower in all time frames. With high Friday, stocks have registered the highest of all time and the same nearby shows bullish sentiments Stock is well placed on all SMA 20, 50, 100 and 200 days that support reverse momentum. The large volume on the rally signal increased participation. Daily RSI, weekly and monthly continues to remain bullish along with positive crossover that supports reverse momentum Investors must buy, hold back, and stack up this stock with reverse Rs 500-520, with the downside support zone of the RS 440-420 level.