The 15-minute chart of TechPrecision's stock has recently exhibited a narrowing of Bollinger Bands and a bearish Marubozu pattern, as observed on August 20, 2025 at 11:30. This suggests that the magnitude of stock price fluctuations is decreasing, indicating that sellers are currently in control of the market. Consequently, there is a high likelihood that the bearish momentum will persist in the near term.
The 15-minute chart of TechPrecision's stock has recently shown a narrowing of Bollinger Bands and a bearish Marubozu pattern, as observed on August 20, 2025, at 11:30. This development suggests that the magnitude of stock price fluctuations is decreasing, indicating that sellers are currently in control of the market. Consequently, there is a high likelihood that the bearish momentum will persist in the near term.
The Bollinger Bands, which consist of a moving average and two standard deviations above and below, have been narrowing, signifying a decrease in price volatility. The presence of a bearish Marubozu candle, characterized by a long white candle with no wick, indicates that sellers are in control and that the market direction is downward. This trend is likely to continue, as the narrowing Bollinger Bands and the Marubozu pattern suggest a shift in market sentiment from buyers to sellers.
This development comes amidst a broader market trend where select shares across the market are currently trading in an overbought zone following a sharp rally from the April-month lows [1]. Stocks such as Telix and SABESP have shown similar bearish technical indicators on their 15-minute charts, signaling potential further declines in stock prices.
Investors are advised to exercise caution and diligent risk management in the face of these bearish indicators. The market's current state of paralysis, awaiting the quarterly results of ICICI Bank, HDFC Bank, and Reliance Industries, scheduled for release this weekend, may further exacerbate volatility [2].
References:
[1] https://brameshtechanalysis.com/2025/07/16/nifty-in-the-eye-of-the-storm-a-market-paralyzed-before-the-weekend-juggernauts/
[2] https://www.ainvest.com/news/bloomberg-expert-international-15min-chart-shows-bollinger-bands-narrowing-kdj-death-cross-2508/
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