Blog Posts - Rectangle



BSE Sensex and NSE Nifty 50 index chart patterns – Apr 11, 2014

For the financial year ended Mar 31 ‘14, India’s exports grew by 4% (to $312.35 Bn); imports dropped by 8% (to $450.94 Bn), leading to a 27% drop in the trade deficit. However, for the month of Mar ‘14 the trade deficit rose by 29% over Feb ‘...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Apr 04, ‘14

S&P 500 Index Chart The daily bar chart pattern of S&P 500 broke out above the rectangular range within which it was trading since the beginning of Mar ‘14 – but it turned out to be a joke on All Fool’s Day. There was no accompanyin...

Free Quilt Pattern of the Day Walk in the Park Quilt Pattern

Free Walk in the Park Quilt Pattern to DownloadA mix of colors, florals and prints in the quilt’s rectangle pieces. This beautiful modern, spring-inspired quilt would make for a perfect blanket or bedspread and is sure to make everyone smile!Finish...
by Craft drawer on Apr 4, 2014

Technical updates – Thermax and Voltas

India’s GDP growth has been shrinking for the past several quarters due to a combination of poor governance, rampant corruption, faulty populist policies and burgeoning fiscal and current account deficits. High inflation kept interest rates high,...

Nifty chart: a mid-week update (Apr 02 ‘14)

A long consolidation within a ‘rectangle’ pattern, Nifty broke out upwards on a volume surge that validated the break out. Rectangles have measuring implications – as mentioned in a previous post: the height of the rectangle (about 400) is adde...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Mar 28, ‘14

S&P 500 Index Chart The following comments were made in last week’s analysis of the daily bar chart pattern of S&P 500: “All three technical indicators are in bullish zones, but showing negative divergences by touching lower tops. A c...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 28, 2014

An appreciating Rupee, falling inflation, contracting Current Account Deficit, growing exports and concerns about economic slowdown in China and many emerging markets have turned India into a favoured destination for overseas investors. RBI extended...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 21, 2014

In a belated effort to trim its fiscal deficit, the government raised more than Rs 8000 Crores by selling stakes in Axis Bank and several PSU units. The revised divestment target – considerably lower than the earlier planned target – has been met...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 14, 2014

There was good news and bad news last week. First the good news. Both CPI and WPI inflation are coming down - due to lower food prices and higher base effect. The IIP number was marginally positive at 0.1% – not really good, but better than being n...

Nifty chart: a mid-week update (Mar 12 ‘14)

After last week’s fireworks when Nifty broke out on strong volumes above its rectangle consolidation zone of the past 5 months, it has been a time of consolidation in a narrow range. Can there be a pullback down to the top of the rectangle? Daily...

A gemstone from the Royal Family- Gorgeous Sapphire stones

The colors of the Sapphire stones are the best which comes under the corundum family. The sapphire stones also do come in eye catching colors with wide varieties from pukhraj (white sapphire stone), blue, yellow, mild red etc. Each Sapphire stones ar...
by Gemstone Beads Buying Guide on Mar 7, 2014

Sensex at a new high – which sectors should you pick for investing?

After 5 months of sideways consolidation within a ‘rectangle’ pattern, Sensex appears to have broken out to close at a new lifetime high. Since a previous break out in Dec ‘13 had turned out to be a ‘false’ one, it may take a few more days...

Nifty chart: a mid-week update (Mar 05, ‘14)

The suspense regarding general election dates are over. Polling will be staggered over 5 weeks from April 7 to May 12, with results announcement on May 16. That sets the stage for a pre-election rally – or, does it? After the poor Q3 GDP number of...

BSE Sensex and NSE Nifty 50 index chart patterns – Feb 28, 2014

Bad news on the economic front keeps piling up. Contraction in industrial production and slowdown in capital expenditure due to high interest rates led to a lower than expected Q3 GDP growth rate of 4.7%. Fiscal deficit during Apr ‘13 to Jan ‘14...

BSE Sensex and NSE Nifty 50 index chart patterns – Feb 21, 2014

FIIs were net buyers during all 5 days of the week – for the first time in Feb ‘14. However, they remain net sellers in Feb ‘14. DIIs have turned net sellers. Forex reserves were up by $1.45 Billion. Glaxo Pharma’s ongoing open offer should a...

Nifty chart: a mid-week update (Feb 19, ‘14)

The Finance Minister presented a ‘Vote on Account’ rather than a full budget because 2014 is an election year. It was expected to be a non-event and it was. Barring some sops to the struggling auto industry and some lofty target setting for tax c...

BSE Sensex and NSE Nifty 50 index chart patterns – Feb 14, 2014

Lower food prices caused a percentage point drop in both WPI and CPI inflation to multi-month lows. RBI may be inclined to keep interest rates unchanged though GDP growth remains below 5%. Once food prices start increasing again during the summer mon...

BSE Sensex and NSE Nifty 50 index chart patterns – Feb 07, 2014

Q3 results season is coming to an end. On aggregate, results have been better than expected – though margin pressure is quite evident. IT, Pharma, FMCG have continued to do well. So have private banks. Auto sector is in a slump – particularly com...

Sensex – a mid-week update (Feb 05, ‘14)

In a previous post on Sensex, the following were the concluding remarks: “Some more correction can’t be ruled out, but buying interest is likely to emerge if Sensex drops to the lower edge of the rectangle (at about 20100).” Sensex not only dr...

BSE Sensex and NSE Nifty 50 index chart patterns – Jan 31, 2014

A global sell-off in equity markets dropped both Sensex and Nifty indices towards the lower edge of the rectangular consolidation patterns within which both indices have been trading for the past 4 months. Concerns about slowing growth and a possib...


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