Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said Friday’s daily candle indicates the formation of a High Wave-type candle pattern. Having formed this pattern within a narrow range movement, the predictability of this pattern could be less, he said. “However, High Wave displays high volatility in the market,” Shetti said.
US bond yields back to ‘normal’; AI needs a reality check, says Ed Yardeni
Veteran strategist Ed Yardeni views the recent rise in Treasury yields and the AI stock correction as healthy market adjustments, not crisis signals. He believes