by Rahul Rana | Mar 7, 2019 | Analysis, Market-Watch Staff
MCX Crude Oil futures technical chart has taken the formation of “Ascending broadening wedge” pattern in 4-hours’ time frame. Previously few sessions ended up bearish in trend and consolidated inside the channel. As per the technical aspects based on the current price action, the market is expected to continue n bearish trend. The continuation if the trend will only be confirmed once the prices breaks below a key support holding at 3890. The negative rally could be testing all the way up to 3800-3750 level in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might have a chance to retest the same and revise the trend to bullish once again. Such reversal could possibly test up to 4000-4100 level. Key resistance holds at 4100.
by abhinav | Mar 7, 2019 | News
“We appreciate it very much, Tim Apple,” Trump said, sitting right next to Cook who had a nametag in front of him that said “Tim Cook.” Read More
reported by Express Web Desk at Indianexpress.com
by Rahul Rana | Mar 7, 2019 | Analysis, Market-Watch Staff
MCX Gold April futures technical chart has taken the formation of “Ascending broadening wedge” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on bearish momentum. The continuation of the trend will be confirmed once the prices breaks below a key support holding at 31890. The negative rally could be extending all the way up to 31800-31700 levels in the upcoming sessions. An alternative scenario indicated that if the key support holds strong then the market might have a chance to retest the same and revise the trend to bullish once again. The upside rally could test up to 32150-32300 levels. Key resistance holds at 32300.
by abhinav | Mar 7, 2019 | News
As the OECD warns of emerging markets’ growing addiction to short-term debt, data show that Indian firms have plenty of it. Read More
reported by Ronojoy Mazumdar at Bloombergquint.com
by abhinav | Mar 7, 2019 | News
Mahindra XUV300 AMT will likely use Magneti Marelli sourced AMT unit before switching over to a torque converter system when BSVI norms kick in Last month saw Mahindra & Mahindra’s long-awaited XUV300 entering the Indian market with high volume aspiration. Al… Read More
reported by Surendhar M at Gaadiwaadi.com
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