INFOGRAPHICS: The technical highlights & stock chart patterns

Stocks higher while acrimony rules

By Investdata Analysts

NSE index rise, as window-dressing continues ahead of earnings season

The technical highlights and chart patterns of this week’s market action

  1. The technical highlights and chart patterns of this week’s market action are the following:
  2. The risk level remained high despite the expected quarterly earnings and undervalued state of the market
  3. Market Phases on key NSE Indexes are all bullish with ADX running positive and strong
  4. High Caps and Growth stocks are taking center stage
  5. Volume patterns improved across the board
  6. Banking, Telecoms and Agribusiness are surging
  7. Market Internals are running rich
  8. Investdata sentiment report revealed mixed, while RSI and MFI broke out to show potential overbought situation.   

Chart Patterns to watch in the new week

NSEASI Chart

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May & Baker

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Eterna

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11 PLC

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Sterling Bank

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BUA Cement

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Wapco