Indexwatch

Pharma Index looking good in the long run. Nifty Pharma Index seems to be breaking out on the Weekly chart. It has formed a head and shoulder kind of structure in addition to this it seems to be on the verge of a trend line breakout. RSI index also seems to be becoming bullish. Currently Pharma index closed the week at 22821. A closing in this index above 22829 can take it forward towards next resistances which are at 23076 and 23561. A weekly closing above 23561 will make the index more Bullish and can send it into frenzy towards 23810

by Happy_Candles_Investment

Index Watch: PSE Index On The Verge of a Breakout. Nifty PSE Index on the Weekly chart has given a good closing above 50 Weeks EMA or a Mother line. RSI is also just below the median line and if we get a closing above 9708 then there are is a good possibility of it going towards 9926. Between 9926 and next resistance at 10218 there is a trend line resistance too. Once we get a closing above this zone the doors for 10414, 10802 and 11K+ level. Currently we got a weekly closing at 9658. Support for Nifty are at 9567 and 9162. If we get a closing b

by Happy_Candles_Investment

BSE Capital Goods Index: A potential Candidate for a Breakout. BSE Capital Goods index this week has taken support near the Mother line on weekly chart. Currently the weekly close at 67151. Mother line support is at 66005. If the Index can manage to close above 67893 or 68227 there is a strong chance of revival which can take the index towards 70727, 71K or even 72K+ levels as indicated in the chart. For this to happen the index needs to hold current level not close below 66K levels (Mother line) and move Northwards. In case 66K is broken the index can fall

by Happy_Candles_Investment

PSU Banks Can take off from here. Signs looking ominous. Trend line has given support to PSU bank index. Father line has given support to PSU bank index. If mother line gives support later this week. They can have a huge upside in the range of 10 to 40% depending on individual banks and their fundamentals.Things are looking ominous. Mother Line Breakout (Mother's Blessing/Ashirwaad can happen later this week.) To know more about Mother, father and small child theory and Happy Candles numbers that we assign to stocks, Parallel channel etc. read my boo

by Happy_Candles_Investment