The weekly chart shows that the index has once again moved down to retest its key weekly moving averages. The overall structure shows that the index has stepped into a short term consolidation mode & can see consolidation near 16,800-17,200. The internal structure shows that a move towards the upper end of the range is likely in the coming sessions.
Death Crossovers: These 4 stocks signal bearishness on Dec 23
In the Nifty 500, four stocks were witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness.
December 23, 2024