Stock Markets Recap Week Of 15th July 2022
15Jul, 2022
Kapil Shah - Instructor
Summary:
- In the week gone by Index was down by near to 1%. It has a respected resistance band of 16200 to 16300 level and a support band of 15900 to 15800
- On a weekly chart, the Index has formed a bearish harami pattern. It is in line with previous instances of decline move. Moving below the 15800 level will be considered a negative development
- The index has shown mild buying in the immediate support band. Moving above 16150 will be a positive sign which may limit up to 16300 to 16400 level
- The broader underlying tone remains negative. From a sector perspective, PSUBANKS bank is expected to have a southward journey
Join Us On
Discord
https://discord.gg/mtYPnWrWVw
Telegram
https://t.me/joinchat/96ABOeDO5fw4YTJl
https://www.instagram.com/finlearnacademy/
Please Note: This video is an initiative by FinLearn Academy for education purposes only.