Delhi Lieutenant Governor V K Saxena has formed a committee to frame guidelines for regulating coaching centres across the city and address issues being faced by students, said officials. This comes following the death of three UPSC aspirants who drowned in a flooded basement of a coaching centre in Old Rajinder Nagar, prompting protests by hundreds of students. According to officials, the L-G held a meeting with the senior management of over 20 private coaching institutes, senior officials from Delhi government departments concerned, the Delhi Development Authority Vice-Chairman, and student…
Tag: forms
Nifty Tech View: Tech View: Nifty 50 forms uncertain candle but further upside is possible
[ad_1] nifty 50 Rose rose for the third consecutive session on Friday but formed a bearish candlestick on the daily chart that looked like a hanging man. The 50 pack index managed to close above the 16,200 level. Analysts say as long as the index stays above 16,170, the momentum remains positive. Mazhar Mohamed of chartviewindia.in said that Nifty 50 registered an uncertain hanging man candle despite strong gaps. He added that the lower shadow of the candle should have been slightly longer to qualify as a perfect ‘Hanging Man’…
Nifty 50: Tech View: Nifty 50 forms a bullish candle, sends positive signals
[ad_1] New Delhi: Nifty 50 broke the 16,000 mark intraday for the second consecutive session on Wednesday, closing just below psychological levels. The index formed a bullish candle on the daily chart which almost took hold of the negative candle of the previous session. Technically, according to Nagraj Shetty, this indicates a disregard for bearish formation and indicates a positive bias for the market. HDFC Securities, “Short term trend of Nifty 50 has turned positive and the overall chart pattern indicates the possibility of a sharp upside breakout of the…
Tech View: Nifty Doji forms candle; consolidation in progress
[ad_1] nifty 50 Selling pressure was seen near the 15,900 level on Thursday as it finally closed near its opening levels, forming a long legged Doji on the daily chart. Such a candle indicates indecision among traders. Analysts said the index needs to move out of the 15,600-900 range for a directional move. Technical Research Analyst Nagraj Shetty said, a Doji is usually formed after a downtrend or an uptrend signal, which indicates a reversal of the trend. securities. But, the current Doji formation within a range movement has low…
Tech View: Nifty forms a small bullish candle; 16,000 level likely to be revisited
[ad_1] nifty 50 Tuesday ended with a slight rise and formed a minor bullish candle on the daily chart. Analysts say that the positive trend of the bandh after the start of the fall was positive. They see that the index is testing the 16,000 level in the coming days. He added that the support for the index remains at 15,700. Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan said that during the day, selling pressure was absorbed near the key hourly moving averages. The index saw a brief consolidation…
IndusInd Bank Share: Chart Check: IndusInd Bank forms a Head and Shoulders pattern; Less than target of Rs 650 in 1-2 months: Kapil Shah
[ad_1] The bank, part of the private sector banking sector, has fallen over 30 per cent from its October 2021 highs and puts the stock in a bear grip and the chart pattern suggests the pressure is likely to continue. The stock with a market capitalization of over Rs 63,000 crore hit a 52-week high of Rs 1241 on 28 October 2021 but failed to sustain the momentum. It closed at Rs 806 on June 24, 2022 which translates to a fall of over 35 per cent. The private sector…
nifty50: Tech View: Nifty50 forms a bullish candle; More speed up possible on Wednesday
[ad_1] New Delhi: nifty 50 On Tuesday, there was a rise of about 2 percent and a bullish candle was formed on the daily chart. The index remained stuck in the range of 15,200-15,400 for the past few sessions. But Tuesday’s gap up opening helped the index cross the hurdle and enter the resistance area of 15,670-15,700. He added that though analysts see further upside potential, any such rally would be restricted in the 15,700-850 range. “The area of 15,670-15,700 was earlier acting as a support zone and is now…
Nifty: Tech View: Nifty forms short bearish candle; 15,670 level remains key support
[ad_1] New Delhi: Nifty 50 fell for the fourth consecutive day on Wednesday. It formed a short bearish candle on the daily chart with a long upper wick indicating selling at higher levels. Analysts said the index is respecting its support of 15,671 on a close basis and as long as it respects it, the possibility of some upside cannot be ruled out. If the level is breached, they see a move to support at the 15,400-300 level. Pride RatnaparkhiNifty 50 traded near the swing lows seen in March and…
Nifty 50: Tech View: Nifty 50 Forms ‘Inverted Hammer’, Recovery Possible
[ad_1] New Delhi: nifty 50 An ‘inverted hammer’ candle formed on the daily chart on Tuesday, forming around the bottoms at times, as traders remain skeptical about early pullback attempts, analysts said. Analysts said the 15,600-700 level remains a strong support for the index to move further. They are seeing resistance at 16,850 level. Ruchi Jain, Lead Research at 5paisa.com Said momentum readings on the lower time chart have entered oversold territory. Usually the index witnesses a pullback move or consolidation for 1-2 sessions in such oversold set-ups, before resuming…
Death Cross: Nifty metal forms a death cross; Brace for further pain!
[ad_1] The trend has changed for metal stocks. After a massive outperformance last year, the metal counters are fast melting, so much so that the BSE Metal Index remains one. death cross on Tuesday. The index settled at a 52-week low of 16,901.9, down 29 per cent from its 52-week high of 23,742.99 in two months. The trend has changed for metal stocks. After a massive outperformance last year, the metal counters are melting sharply, so much so that the BSE Metal Index formed a death cross on Tuesday. The…