i usually dont post on indices but this analysis will help you for both indices and stock analysis
but will be much useful for option buyers as stock buyers they wont lose if stock is side ways
guys usual learning rsi below 30 oversold above 70-80 over bought different people take it differently
and macd above center line buy below center line sell, or in...
Voltas is so far away from its ATH and it is in the process of forming abeautiful cup with handle.
On the break of the handle, the trendline and the 50ema will also be broken. If such a break is seen on high volume, a beautiful long position can be taken for a long term trade or even an INVESTMENT
Updating this early so people can be on the lookout for a...
Tech Mahindra crossed 50EMA with heikin ashi candle sticks pattern. These candles give good return in the past. So for long near about 5% gain make a entry tomorrow. Hope for the best
INFY finally breaks out of its long term resistance zone AGAIN after breaking past the 50EMA on above average volume.
Very favourable risk to reward with the stop loss below the 50EMA
Target near the recent breakout high.
Keep It Simple
BPCL is forming a beautiful Inverted head and shoulders pattern at its low and with its earnings coming up on 12th august, it makes a strong long contender.
It takes support on the 50EMA and a break above the neckline on above average volume initiates the trade with long targets of
T1 at 371.20 and T2 at 394.45
Risk To Reward od 1:2
Stop loss below the 50EMA
High...
Price has given a very strong breakout above the descending trend line and 50 ema with huge volume. A double bottom pattern has also been formed. MACD and stochastic RSI are signaling buy.
#History repeats itself and that is what is seen here also, with the support of good volumes and green Elephant candle we can clearly see a breakout of Channel pattern. Once sustains above 50EMA , may get a positional target of 580 - 600 - 640 levels.
