Blog Posts - Rsi



S&P 500 and FTSE 100 charts (Nov 11 '16): relief rallies face bear resistance

S&P 500 index chart patternThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "All three daily technical indicators are looking oversold, which can trigger a pullback towards the...

Nifty chart: a midweek technical update (Sep 14 '16)

FIIs have been in profit-booking mode during the two days of trading so far this week. Their net selling in equities exceeded Rs 1070 Crores. DIIs were also net sellers of equity but worth only Rs 20 Crores, as per provisional figures.FII selling on...

Gold and Silver charts: recovering after month-long bear attacks

Gold chart patternThe following warning note was sounded in the previous post on the daily bar chart pattern of Gold: "A drop towards the 50 day EMA is a possibility before gold's price can move higher."Gold's price corrected below its 50 day EMA but...

S&P 500 and FTSE 100 charts (Aug 26 '16): bears trying to get on top

S&P 500 index chart patternNegative divergences visible on technical indicators in last week's post on the daily bar chart pattern of S&P 500 had hinted at a correction.The index touched a slightly lower top of 2193 on Tue. Aug 23 and formed...

Nifty chart: a midweek technical update (Aug 24 '16)

Quietly, FIIs have turned net sellers of equity this week - though their net selling in three days was only worth Rs 340 Crores. DIIs were net buyers on Monday and today (worth Rs 180 Crores), but were net sellers of equity (worth Rs 450 Cr...

Gold and Silver charts: consolidating after sharp post-BrExit rallies

Gold chart patternThe following comments were made in the previous post on the daily bar chart pattern of Gold: "Volumes are a bit of a concern. They need to pick up for the rally to sustain. Otherwise, gold's price can see some consolidation." ...

Nifty chart: a midweek technical update (Aug 03 '16)

Net buying in equities by FIIs has crossed Rs 1840 Crores during the first three days of Aug '16, as per provisional figures. DIIs have been net sellers of equity worth almost Rs 1600 Crores.Nifty touched a new 52 week high of 8711 on Aug 1 - gaining...

Gold and Silver charts: bulls bounce back after post-BrExit corrections

Gold chart patternThe following remarks were made in the previous post on the daily bar chart pattern of Gold: "BrExit concerns have receded. That doesn't mean gold's price can't move even higher. It may take a little time."Gold's price slipped below...

S&P 500 and FTSE 100 charts (Jul 29 '16): bull market consolidations continue

S&P 500 index chart patternThe following remarks appeared in last week's post on the daily bar chart pattern of S&P 500: "Some more consolidation - or a correction - is likely. Booking part profits may be a good idea."The index continued its...

Nifty chart: a midweek update (Jul 20 '16)

Road construction companies have reasons to rejoice. NHAI Chairman announced yesterday that 10,000 KM of roads and national highways projects will be awarded for physical construction during FY 2016-17.Government's capital infusion of Rs 23,000 Crore...

S&P 500 and FTSE 100 index charts - Jun 24 '16

S&P 500 index chartReaders were given adequate warning with the following comments in last week's post on the daily bar chart pattern of S&P 500: "A further correction to test support from the 200 day EMA is possible. If the May 19 low o...

Nifty chart: a midweek update (Jun 22 '16)

Dr Rajan's decision to return to academia in Sept '16 without seeking a second term as RBI Governor was met with some trepidation by market players. FIIs were expected to rush towards the exit doors - which they were doing anyway due to BrE...

Stock Index Chart Patterns: S&P 500 and FTSE 100 - Jun 17, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 corrected below its 20 day and 50 day EMAs, touching an intra-day low of 2050 on Thu. Jun 16. It recovered to close exactly on its 50 day EMA.Status quo on interest rates by the U...

WTI and Brent Crude Oil charts: an update

WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil received good support from its rising 20 day EMA and rallied to a new high if 49.50 on Wed. May 18, but formed a 'reversal day' bar (higher high, lower close) and slipped down.Note...

Gold and Silver charts: an update

Gold chart patternIn the previous post, bearish technical patterns, e.g. a 'shooting star' candlestick and negative divergences visible on the daily chart pattern of Gold had led to the following remarks:"A pullback towards the top of the 'symme...

Stock Index Chart Patterns: S&P 500 and FTSE 100 - May 06, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 continued its correction from the Apr 20 top of 2111. On Mon. May 2, the index bounced up to close above the 20 day EMA and the 2080 level. Bears used the opportunity to sell...

Nifty chart: a midweek update (May 04 '16)

India's manufacturing PMI dropped to 50.5 in April against 52.4 in March, but showed the 4th straight month of growth (as the number was above 50). Sales of cars, vans and UVs grew 12% in April on a YoY basis. Maruti, Hyundai, M&M, Tata Moto...

BSE Sensex and NSE Nifty 50 index chart patterns – Apr 29, 2016

Trading activity was comparatively low during F&O expiry week. FIIs were net buyers of equity worth Rs 1060 Crores, but they were net sellers on the last trading day of the month. DIIs were net sellers of equity worth Rs 1410 Crores during the we...

WTI and Brent Crude Oil charts: will bear market rallies falter again?

WTI Crude Oil chartThe following comments appeared in the previous post on the daily bar chart pattern of WTI Crude oil: "Oil's price can correct some more. Bulls may use the dip to mount another attempt at crossing the 200 day EMA."Oil's price...

Gold and Silver charts: bears strike back

Gold chart patternThe daily bar chart pattern of Gold had touched an intra-day high of 1288 on Mar 11 '16, but formed a 'reversal day' pattern (higher high, lower close) and entered a bearish pattern of 'lower tops and lower bottoms'. ...


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