NOTE:- Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article. View on the Index NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!. So a break above 10930 on closing basis shall confirm the uptrend towards 11080. If i am wrong then we shall use the upward sloping trendline...
we can see price gets strong resistance of KAMA line. can go short .
ITC LOOKING BULLISH AS PER FIBONACCI LEVELS AND HULL STRATEGY CROSSOVER OF SIGNAL LINE TO UPSIDE ZONE. EVERYTHING MENTIONED IN CHART.
PEL Daily Time-frame. It as tested EMA 20 several times and took support. Currently, It has tested EMA 20 and formed Inside Bar. If you switch to Weekly and Monthly charts, both are in up trend and in pullback mode. Just my observation, no recommendation to buy or sell.
ADANIPOWER EMA20 crossed below EMA50 in 30 min chart.
Very rare situation.. Faced RESISTANCE on 100 MA & took SUPPORT @ 50 MA on a single day..
Time-frame: Daily Price broke out of EMA 50 and also crossed last swing high of the down trend. After breaking out price is in pullback mode which formed long tailed pin bar. By looking at the pin it is seen that price is taking support on EMA 50. MACD also confirms up trend as it has crossed zero line. Looks like it is end of down trend.
Price broke out of EMA 50, after giving breakout it is in pullback mode. Looks like it has formed inside bar after breaking out of EMA 50. MACD also confirms up trend as it is facing up and crossed zero line. Risk Reward ratio would 1:2.
Price broke out of EMA 50, after giving breakout it is in pullback mode. Looks like it is taking support on EMA 50 and formed inside bar. MACD also confirms up trend as it is facing up and crossing zero line. Risk Reward ratio would 1:2.
ENGINERSIN can be bought for swing trading. Price broke out of EMA 50 and also crossed previous swing high. Also after giving breakout of EMA 50 it is in pullback mode and it has formed bullish pin bar and after that pin bar it formed inside bar. MACD also confirms an up trend and facing up and also moving towards zero line. Risk Reward 1:2.
TORRENTPOWER can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar and also it is bullish pin bar . MACD also confirms an up trend and facing up and also moving towards zero line. Risk Reward 1:2.
AMARAJABAT can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar . MACD also confirms an up trend and facing up and also above zero line. Risk Reward 1:2.
CONCOR can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up, it formed Bullish Pin-Bar. Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA , formed inside bar . MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.
IBULHSGFIN can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Yesterday it formed inside bar now today it has formed bullish pin bar which shows it is taking support on EMA 50. MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.
IBULHSGFIN can be bought for swing trading. Price crossed above EMA 50 which shows the trend is up. Also after giving breakout of EMA 50 it is in pullback mode and looks like it is taking support on EMA, formed inside bar. MACD also confirms an up trend and facing towards crossing zero line. Risk Reward 1:2.
Nifty to trade at around 10850 by July expiry