The US Dollar Index, DXY, is bouncing off its 50SMA (red) on the daily chart. This looks like a sign of strength in the US Dollar as it seems folks are buying this dip and a successful bounce on 50SMA can take the price back to previous highs of 105 on the DXY.
Its Good For buying Opportunity. FII & DII Also Increase Stack. BSE:SHAHLON
Alkyl Amines always takes support near 50 DMA and moves up. Present reversal is near 50 DMA. Can buy some at this level and more if it comes close to 50 DMA. This is analysis only based on simple trend and not recommendation.
Affle has been in a price and time correction from a long time. BUY reasons: 1. 50 DMA reclaimed with good volumes 2. Trendline broken and sustained. 3. Consistent Exceptional results from the company. Cautious points: Promoters decreasing their stake Stock in NSE ASM list , hence in trade-to-trade category with dried volumes. Stock is ready to be bought, but...
Looking at the above Daily chart of the Nifty 50 index, it is clearly observable that the index is in an uptrend. Not just that, the 50DMA (red) is above the 100DMA (purple) which is above the 200DMA (green), indicating strong bullish trend in place. Since Mar 2020, at four different instances (as highlighted in the chart), the index has taken support at one or...
200% prior move and then its testing 50 DMA for first time. So its tradable as pullback as well as high tight flag. 7 weeks cup and handle. Though proper entry will be above 129, but if it closes above 124-25 with significant volume, aggressive buy can be initiated. Target will be 140 and 158 i e horizontal S/R.
9 weeks base. cup and handle. Pocket pivot formed with high volume off 50 DMA. Shakeout in weekly and support on 200 DMA
ICICI Bank has taken support from 50 DMA continuously. Looks good for going long on the long term horizon. Buy Aug Futures at CMP for targets of 360, 370, 375 with SL at 340. (Adjust for Future Prices) or Go Long on August Expiry Slightly OTM options
LOOK IN THE CHART....
LOOK IN THE CHART....