Weakness to continue for stock market indices. (Source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The Indian stock market ended weak for a second session straight on Thursday. Analysts see further weakness in the charts as the benchmark has fallen below the critical 21EMA on the daily timeframe, indicating weakness, as per Rupak De, Senior Technical Analyst at LKP Securities.
"The index formed a bearish candlestick pattern with a lower high and lower low for the fifth session in a row highlighting extended profit booking", said Bajaj Broking Research.
The research firm added that the index seems to be approaching a crucial demand zone between 25,500 and 25,300, which is expected to act as a strong support base.
"A decisive formation of a higher high and hi

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