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#WeeklyIndexCheck CW19/2022

Market Quadrant:
⦿ Trend: Confirmed Downtrend
⦿ Momentum: Negative & worsening
⦿ Breadth: Worsening & oversold
⦿ Bias: Bearish on all timeframes Image
Trend

⦿ Almost all indices are in confirmed downtrend
⦿ Only PSE, Power & Energy in uptrend under pressure
⦿ No index in confirmed uptrend Image
Momentum

⦿ Almost all indices (including Nifty, Banknifty, CNX500, Midcap, Smallcap) have negative & worsening momentum.

⦿ Only Energy & Power still have positive (but worsening) momentum Image
Read 9 tweets
#WeeklyIndexCheck CW09/2022

Market Quadrant:

⦿ Trend: Downtrend
⦿ Momentum: Negative & worsening
⦿ Breadth: Oversold
⦿ Bias: Bearish
Trend

⦿ Most major indices (including Nifty, CNX500, Midcap, Smallcap) stay in downtrend.
⦿ Auto & Realty join the red list this week
⦿ Metals, PSUbank, Power & Energy stay in uptrend under pressure.
Momentum

⦿ No index is having positive momentum
⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) are showing negative & worsening momentum
⦿ Only Energy, IT, Metal & PSE are having negative but improving momentum
Read 9 tweets

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