Published September 13, 2018
Investtech.com is excited to announce its new service for the Indian markets. We are starting to offer a weekly technical analysis report of three Indian stocks. Our analysis is simple, precise and easy to understand even for the common man.
Our analysis is based on various parameters and technical analysis indicators like price trend, support-resistance level, price formations and momentum and volume indicators. We focus more on the medium term chart that is between 3 weeks and 3 months and include views on the short and long term charts from time to time. Our goal is to empower our investors with the knowledge of what are they doing and not blindly follow market comments.
Nifty 50 index is in a rising trend channel both in the medium and long term charts. This implies that investors have strong faith in Nifty 50’s future prospects and suggests further rise in the index.
Index made its all-time-high of 11739 at the end of August and corrected slightly form its top. Hence a resistance is created. If index manages to cross that level, it can trigger new buying opportunities and go higher. On the downside there is support around 11100 levels. The index is assessed as technically positive for the medium to long term.
Investtech's analyses are based on advanced mathematical algorithms which identify important elements within behavioural finance. This ensures that the analyses are objective and consistent for further use. In addition, the analyses are arranged in a simple and comprehensible manner, enabling them to be quickly and easily utilised. The algorithms and the quantitative results provide many unique possibilities for sorting a broad selection of shares, indices, raw materials and currency based on various criteria, thereby simplifying improving your daily tasks.
The analyses are based on closing price as per September 12, 2018.
Investeringsaanbevelingen worden gedaan door Investtech.com AS ("Investtech"). Investtech garandeert geen volledigheid of juistheid van de analyses. Eventuele fouten in de aanbevelingen, koop- en verkoopsignalen en mogelijke negatieve gevolgen hiervan zijn geheel het risico van de belegger. Investtech neemt geen enkele verantwoordelijkheid voor verlies, direct of indirect, als gevolg van het gebruik van Investtechs analyses. Meer informatie omtrent Investtechs analyses kunt u vinden op disclaimer.
Investeringsaanbevelingen worden gedaan door Investtech.com AS ("Investtech"). Investtech garandeert geen volledigheid of juistheid van de analyses. Eventuele fouten in de aanbevelingen, koop- en verkoopsignalen en mogelijke negatieve gevolgen hiervan zijn geheel het risico van de belegger. Investtech neemt geen enkele verantwoordelijkheid voor verlies, direct of indirect, als gevolg van het gebruik van Investtechs analyses. Meer informatie omtrent Investtechs analyses kunt u vinden op disclaimer.