Technical Analysis of ESCORTS and HEG Stock name: Escorts Kubota Ltd. Pattern: Double top pattern Time frame: Weekly Observation: The stock has been in an overall uptrend, reaching an all-time high in September 2024. However, between May and October 2024, it formed a double top pattern on the weekly...
Fed’s Hawkish Rate Cut Dampens Global Equity Markets U.S. Federal Reserve Chair Jerome Powell’s latest policy move—a 25 basis point rate cut coupled with hawkish guidance—has dimmed prospects for a year-end "Santa rally" in global equity markets. The Dow Jones Industrial Average saw its worst day in...
Technical Analysis of SYRMA and SONACOMS Stock name: Syrma SGS Technology Ltd. Pattern: Resistance breakout Time frame: Daily Observation: In our earlier blog on November 7, 2024 (link for reference), we highlighted the stock's breakout from the resistance line in late October 2024. Since then, the ...
Technical Analysis of SHREECEM and HUDCO Stock name: Shree Cement Ltd. Pattern: Double bottom pattern Time frame: Daily Observation: The stock has cooled off from its high on February 1, 2024, and has declined from there onwards. Between August and December 2024, it formed a double bottom pattern on...
Technical Analysis of ANANTRAJ and RCF Stock name: Anant Raj Ltd. Pattern: Resistance breakout Time frame: Daily Observation: Since its listing, the stock has been in an upward trend, reaching its all-time high on October 16, 2024. After stabilizing, it formed a resistance line near this level on th...