Shares of Ramco Systems rallied 6% to hit a 52-week high at Rs 455 in Wednesday’s trade on BSE, following the launch of its latest Aviation Software version 6.0. The new software is designed to revolutionize maintenance, repair, and overhaul (MRO) operations, as well as maintenance and engineering (M&E) processes, through advanced technology and AI-driven … Read more
The Nifty formed a small positive candle with minor upper and lower shadows. Technically, this pattern indicates the formation of Doji-type candle, which is not a classical one. Normally, such a Doji pattern at the hurdle indicates caution for bulls. “The short-term trend of the Nifty seems to have reversed up and the Nifty is … Read more
A reasonable positive candle was formed on Nifty’s daily chart following long bear candles on Friday. Technically, this pattern indicates an emergence of buying interest after a small downward correction. The immediate support of 20-day EMA has been regained at 24,900 after violating below it in the previous session. The short-term trend of Nifty remains … Read more
Nifty ended Wednesday’s trading session 81 points lower to end below the 25,200 mark but formed a bullish Counterattack type candle pattern on the daily charts and signalled a buy-on-dips opportunity in the market. Nifty is currently placed at the crucial cluster support around 25,000 levels (ascending trend line and 10-day EMA). The bullish pattern … Read more
Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci extension), still there is no indication of any significant reversal … Read more
Nifty ended 36 points higher to form a Doji-type candle pattern on the daily chart after hitting a fresh record high. It signalled resistance around 25,100 levels. The underlying trend of the index remains positive. Further consolidation or minor dip from here is likely to create space for a decisive upside breakout of the hurdle … Read more
Nifty ended Tuesday’s session on a flat note and formed a neutral Doji candle on the daily chart, reflecting an uncertain outlook in the near term. To trigger momentum, new highs need to be established soon, which could open the door for further gains. Key levels to watch include 24,975 and the bullish gap around … Read more
Nifty ended Thursday’s weekly expiry 41 points higher and formed a higher high-higher low formation for the fifth consecutive session. The daily charts saw the formation of a bearish candle as the index closed lower than its opening level. Now, Nifty has to continue to hold above the 24,700 zone to extend the move towards … Read more
Nifty ended Wednesday’s session 71 points stronger to form a reasonable positive candle on the daily chart. The headline index is still making a higher high both on the daily and weekly charts. The short-term trend of Nifty continues to be positive with range-bound action. The market is now set to challenge another opening down … Read more
Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 … Read more
