Stock market entering critical phase Date 21 to 23 Important turning

-


Chart Indication - Ashok Trivedi

The BSE index (close 57989.90 on 17-03-23) is pro-soft with a rise to 60498.48. Currently, the 12 day average is 58803.11, the 48 day average is 59871.213 and the 200 day average is 59178.84. Daily and weekly MACD are bearish. Daily and weekly oversold as well as monthly oversold positions are shown. 21st to 23rd are the days of turning of gain. Above 58179 above 58255, 58660, 58860 resistance levels are considered. 57503, 57158 breaks down, 56070, 56610, 56147 are considered support.

HDFC (closing price Rs.2564.15 on 17-03-23) is bearish from a top of 2696.80. Currently 12 day average is 2592 and 48 day average is 2692.92 and 200 day average is 2535.29. Daily and weekly MACD are bearish. Oversold on a daily basis, to oversold on a weekly basis and from overbought to neutral on a monthly basis. Above 2580 above 2599, 2614 are considered resistance levels, and below 2502 below 2491, 2455, 2423 are possible.

Lupine (closing price Rs.657.00 on 17-03-23) is in sideways mode with a low of 645.30. Currently, the 12-day average is 662.21, the 48-day average is 693.73, and the 200-day average is 719.22. The daily MACD is bullish. Weekly MACD is bearish. Shows neutral on daily basis, oversold on weekly basis and oversold position on monthly basis. Above 668 above 672, if possible up to 680, 689, 697. 649 below 653 is considered as support.

Reliance (closing price Rs.2223.100 on 17-03-23) is soft from top of 2755. Currently, the 12-day average is 2311.63, the 48-day average is 2389.11, and the 200-day average is 2469.33. Daily and weekly MACD are bearish. Daily, weekly as well as monthly charts show oversold positions. Above 2269 above 2285, 2305, 2313 resistance levels are considered. 2022 down to 2140, 2075, 2039, 2011, 1946, 1882, 1818 possible.

Aurobindo Pharma (closing price Rs.477.80 on 17-03-23) is bullish from a low of 444.75. Currently, the 12-day average is 459.61, the 48-day average is 454.03, and the 200-day average is 504.39. Daily and weekly MACD are bullish. Shows overbought positions on daily and weekly basis as well as oversold positions on monthly basis. 494 above, 502 above, possibility of 504. 462 below 470 is considered as support.

HDFC Bank (closing price Rs.1572.65 on 17-03-23) is bearish from a top of 1645.95. Currently, the 12-day high is 1585.87, the 48-day is 1610.41, and the 200-day is 1544.87. Daily and weekly MACD are bearish showing oversold on daily and weekly basis as well as overbought to neutral position on monthly basis. Above 1583 above 1598 resistance level is considered. 1532 down to 1513, 1495 possible at low.

Bank Nifty futures (close 39834.35 on 17-03-23) is soft from a top of 41799. Currently, the 12-day average is 40274.59, the 48-day average is 41162.67, and the 200-day average is 40159.78. Daily and weekly MACD are bearish. Shows oversold position on daily basis, oversold position on weekly and monthly basis. Above 39930 above 40056, 40200, 40380 resistance levels are considered. If 39136 breaks below 38831, then 38785, 37365, 37944, 37525 are considered support.

Nifty futures (closing price 17189.00 on 17-03-23) is bearish from a top of 17873.90. Currently, the 12 day average is 17369.35, the 48 day average is 17718.93 and the 200 day average is 17602.16. Daily and weekly MACD are bearish. Oversold on daily and weekly basis as well as oversold position on monthly basis. Above 17235 above 17263, 17340, 17390 resistance levels are considered. 17020, 16198 in the low, 16903, 16764 are important support.

Sayonara

From that place where understanding of books stopped, I found my experience to be a treasure. - Silent diameter.


Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more