BATAINDIA is nicely stuck in between a set of classical reversal divergences at the top (red arrows) and with every low it confirms a positive hidden divergence or positive reversals (green arrows). Closing price at the erstwhile highs act as a good source of support, and as long as this holds one can expect a positive momentum. A break above recent high of 865,...
What is the 'Aroon Indicator'
The Aroon indicator is a technical indicator that is used to identify when trends are likely to change direction. In essence, the indicator measures the time that it takes for the price to reach the highest and lowest points over a given timeframe as a percentage of total time. The indicator consists of the "Aroon up" line, which...
Ripple, having tested the March accumulation area of 0.94-0.96 USD (point 1 on the screen), tested three times from below 0.84 USD and went on an increased volume under 0.80 USD. Further, the buyers' resistance was clearly expressed in the zone of 0.76-0.77 USD. They defended against the attack on bids using several big orders for 100,000 ripples per minute (point...
Nifty -0.14% index opened gap up Last week on Friday but witnessed some selling at higher levels and corrected towards 10451 zones. It formed a Spinning Top candle on the daily scale which means that bulls are not loosening their grip but 1st Time bears are putting pressure at their Strong Zones which was expected. It has been making higher highs from last ten...
I AM bearish on the overall tyre sector upto MONDAY 16/04 ...& certain levels AS it has given a good run already and should take a pause , correct a bit , retest levels , and then can climb high ! OVERALL THE RAW MATERIALS REQUIRED , SHOULD BE KEPT CLOSE EYES ON !!
AST forming a wedge at the bottom. Indication of a strong bullish pattern ahead.
Crossover on the oscillator, although weak. RSI approaching oversold conditions on a daily scale.
Buy zone, supply zone and sell points marked.
Buy: <sat
Take Profit:
6210
7204
8755
Nifty index continued its formation of higher highs for six consecutive session and headed towards 10400 zones. What Recovery Bulls done holding its area 10100 then with power recovery strategy and consistent victory over bears made Bulls to find place as strong winner at this level 10390…. It formed a Bullish candle and closed above its 50 DEMA on daily scale....
1.Cloud breakout in 120min....
2.Positive divergence in MACD which is very clear in daily chart...
3.Above its strong support zone...
Disclaimer:
All my post are for educational purpose, non-directional and non-advisory....
Nifty index failed to hold above its crucial resistance of 10271 zones and witnessed sustained selling till the end of the trading session. Bulls Got Trapped bearish Cloud area it wiped out the gains of previous two days and formed a Bearish Engulfing Candle on the daily scale which implies complete dominance by the Bears.
Now as its preparation Area 10100...
1st day of week on Monday 2nd April Nifty 50index managed to open positive and witnessed sustain buying interest throughout the day. It managed to hold and surpass the Hurdle 10158 and headed towards 10220 levels. Bulls recovers with sustaining pulls up to the bears, It managed to hold above previous weeks’ close and formed a Bullish candle on the daily scale.
Now...
1st day of week on Monday 2nd April Nifty -0.04% 50 index managed to open positive and witnessed sustain buying interest throughout the day. It managed to hold and surpass the Hurdle 10158 and headed towards 10220 levels. Bulls recovers with sustaining pulls up to the bears, It managed to hold above previous weeks’ close and formed a Bullish candle on the daily...
As per daily chart in ICICI BANK Bears phase cycle is on swing with the negative impact of both Fundamentally on sector wise and as well as Technically. But as Fight Continue from Swing high of 307 Bears Attacked on Bulls with Three Consecutive Drag down Round upto 295 levels and Bears have More Power to Beat Bulls to the level 276.50 and more below 262 Levels...
Generally, When RSI shows values higher than 70 or below 30, this is to considered as stock or index is overbought or oversold. But that's not always the case.
As we just learned In The Introduction : Relative Strength Index (RSI) that a high RSI means that there were more bullish candles then bearish candles. As stock or index can't go up or down in straight...
'Nifty index opened Gap down breaching previous Lows of 10077 and made new low 10049 in near psychological 10000 support area , sustained buying pressure from lows near about 100 point rally up to 10155 recovers Bulls in Action and tried to stand still against bears positively. Bears Tried to drag down Bulls in last Session but Bulls managed to Hold the Fight...
