Capital Market
INFOGRAPHICS: The technical highlights & stock chart patterns
By Investdata Analysts
The technical highlights and chart patterns of this week’s market action
- The technical highlights and chart patterns of this week’s market action are the following:
- The risk level remained high despite the expected quarterly earnings and undervalued state of the market
- Market Phases on key NSE Indexes are all bullish with ADX running positive and strong
- High Caps and Growth stocks are taking center stage
- Volume patterns improved across the board
- Banking, Telecoms and Agribusiness are surging
- Market Internals are running rich
- 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
