this is the forth time the precious metal has reached the same high and has reversed. RSI in the bear zone on two time frame charts at price resistance is very very negative. In my view the precious metal is all set for a big correction this time around.
Many stocks have this set up ,where the stock is back to the previous highs which is now acting as support. Here the 609 is the crucial support. The lows made has heavy volume on the intraday charts. A stock generally doesn't bottom on high volume. Hence we will have to watch the 609 zone. A close below that will open the room for a bigger correction and a fresh...
BNF- the Fib confluence at 45500 and 44860 are two strong supports and are the zones to buy. The short term trend is still up and hence this dip is an opportunity to buy. Nifty is far far more stronger than BNF.
with the quarterly results due today. The stock is likely to give a big correction. Well the oscillators are saying so. Hence do not be on the long side today
Fib- the 21600 is a good support where it has halted Trendline - the same zone is supported with trendline. MA- the long MA is also providing support at the same zone. RSI- RSI is taking the support over its bull zone. Volume- high volume is again indicating support. Conclusion- that we will turn from here is a very very high probability.
Fib - The stock halted today at fib confluence at 3800. That the circuit did not sustain for the entire day means we can see this zone holding. Candlestick- Thats definitely a bear candle and an early indication of a change in trend. Volume- stock falling with volume is negative. RSI- break of the bull support at 40 is negative. Extreme indication - this...
Today HDFC Bank will come out with its quarterly results post mkt. The stock is all positioned to rise substantially from here. In my view the mkt will react extremely positively to the results. This also will give phillip to other banking stocks like SBI and ICICI which look very strong and in turn will give a big push to BNF. Choose ur pic for tomorrow coz...
Fib - 38.2% from a higher zone is strength. Candlestick- a stack of green candles one after the other is telling me bulls have taken charge, MA- the golden crossover happened long back on the weekly charts. Volume- the rally is supported by volume is again strength. Conclusion- I think IT will definitely be the flavor for many months ahead .And this stock is one...
the Index has halted at the trendline resistance along with MA resistance. Today being expiry can we witness a big move either ways?? To me the Index has already given reversal signals at 47K. Now a dip to 47400/47300 will be an ideal zone to buy. Lets keep an eye on these ideal zones to buy. We can witness a big rally from here.
Fib- the short term trend in this counter is extremely bullish. Hence any dip is an opportunity to buy. RSI- RSI taking higher support on hourly chart is very positive positive divergence on the 15 chart is indicating reversal. Conclusion- Buy above 283 on a 15 min close candle. T1 292
Fibs- shows strength Trendline- Break of the falling trendline is an indication of strength. RSI- above 40 on both time frames is very positive. Conclusion- Its a good buy at CMP with R1 at 2330 R1 2370
The short term trend is down. On both the time frame charts RSI is in the oversold sold and hence a rally is likely. Above 47380 we will witness a rally to 48K. If we get a rally this zone will be crucial to watch. below 47150 it will become weak.
There is something happening in pharma space. I recommended man kind yesterday. This stock also looks very bullish. Candlestick- the three green candles in a row are called 3 white soldiers. This is a precursor to a big rally going forward. Fib Analysis- its extremely bullish on the shorter term charts. Conclusion- to me this is a good buy. Tgts are there...
Fib Analysis- the retracement to 38.2% from a higher zone is an indication of tremendous strength. In my view this is just the start of a big rally in this newly listed counter
The stock is at a strong resistance at 3010. Above this zone it will be back to the highs.
Fib- The retracement to 38.2% of the immediate swing is strength. The stock is back to the breakout zone which is the support now. Candlestick - The first candle is the only strong candle post the support at 2517. Rest are very weak candles. Hence I will want to see one more strong candle above 2583 to say the strength still exits. Conclusion- Since there is...
S&P - there is an early sign of reversal. Trendline- break of the trendline is an early indication of a change in trend. Fib Analysis- we know the Index is at a strong resistance. Hence this rally is an opportunity to sell. RSI - ve divergence is indicating reversal. MA- on the 15 min chart the three MA will merge , hence we know its at a crucial zone....
Fib - the recent pull back was a mere 38.2% and indication of strength. IT will breakout above 3737. Buy it on an hourly close above 3737. R1 3920 R2 4100,