AS YOU CAN SEE BLUE LINE ON TOP IS LONG TERM TREND LINE WHILE RED LINES ON CHART AND STOCHASTIC ARE SHOWING ( FOR NOW) BEARISH DIVERGENCE BUT DIVERGENCE WILL ONLY BE CONFIRMED IF CANDLE CAN NOT CROSS RED TREND LINE AND STOCHASTIC AS MENTIONED WITH RED RECTANGLE GIVES BEARISH SIGNAL MEANS RED LINE OF STOCHASTIC CROSSES BLUE AND GOES ABOVE BLUE THIS WILL THEN MEAN...
Escorts-Buy
Current market price: Rs . 653.45
Stop loss : Rs . 634.90
Target : Rs . 748.80
Risk Reward: 1:5.14
On daily chart there is strong support, buying momentum increases and pullback is weak.
Above mention idea is educational purposes only.
CASTROLIND-BUY
Current Market Price: Rs.132.00
Stop Loss: Rs.128.80
Target: Rs.144.40.
Risk Reward: 1:3.875
On daily chart there is strong support and pullbacks are weak.
Here's something I've been using recently with andrew's pitchfork. If you use a 2x extension on the width rather than the pitchfork itself, then it often defines a trend line which helps to identify a head and shoulders pullback.
Ideally the head will go deep into the extension and then the right shoulder tags it after a retrace. The idea is the trade is entered...
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...
When MACD was Developed , it was developed with two different views
01) What the price is doing in relation to two rated moving average ( EMA) ideally it is treated for 12 and 26 EMA and MACD line is plotted on the chart
02) It also has 9 Period Simple Moving average of MACD line which shows the mean value of MACD line for the past 9 Period as simple...
Midcaps have had a smart up move since the past fortnight and the Midcap index has reached a level where in it had faced resistance and went through distribution and gave way. Today at the day's close, it reached the same level and formed a Doji kind of pattern which indicated indecisiveness. The Rsi has reached a level where in a pullback on the downside might...
The doji is a commonly found pattern in a candlestick chart of financially traded assets (stocks, bonds, futures, etc.) in technical analysis. It is characterized by being small in length—meaning a small trading range—with an opening and closing price that are virtually equal. NSE:TCS NSE:CNXIT
We are seeing a divergence on the RSI and a negative weekly close when the market made a high could indicate starting of long unwinding. Hence it would be wise to be with the market, book the profits and wait for a dip to re enter.
NSE:ACC looking bearish as it approached major resistance level of 1500. Trendline resistance, Supply area, Pivot R1 of this month, Fibonacci 0.618 are acting as confluence of resistances. Highest Put OI at 1500 strike. A bearish candlestick pattern will confirm the reversal and bearishness. If it reverses, 1394 is expected.
I just realized that entire history of Nifty50 can be seen as three neat patterns on monthly chart. This is the first chart for the first 13 years of the exchange and the index. It gave a healthy return of 15% per annum, when banks deposits also gave lower double digit returns.
I personally don't believe anyone could have recognized the pattern and invested to...
Nifty ended up forming a doji or a spinning top as u call it and is right below important moving averages
Monday candlestick can be a decider or wait more time??
There is always a something special when we think about the reliance , and its so complex to trade on real time ,
Now here i am posting chart using Ranko Bar which are 27 Points of each , and as per my personal understanding its heading for 1600 , it has completed a very small correction wave 4 ,
here are few things you can learn form it
01) after formation...
