Mahesh Gowande, the founder of Ayan Analytics, recently analyzed the stock market and observed a positive trend. He pointed out that many stocks are exhibiting a bottom-sealing pattern in their daily candles, which is a technical indicator suggesting a potential recovery phase. However, this recovery may be disrupted by unexpected reactions to the upcoming election results.
The analysis report emphasized that the bottoming-out process is currently underway, and this trend is supported by several stock charts. It is worth noting that banking stocks have performed well, while the Adani group has had a negative impact on certain funds and individual investors. Analysts advise investors to be cautious during this period and avoid controversial stocks.