Wipro has shown good strength and featured in the list of the strong stocks in the past 10 trading sessions, If we look at the setup, the stock is trading perfectly within a channel. Recently, it took support at the lower end of the rising channel and has crossed its key hurdles, The upper of the rising channel is around the 850 levels. In term of wave counts,...
#SBIN looks goods to short for a Rs 50 downswing. The stock has broken a good trendline which strongly acted as support till now. Along with trendline Relative strength, viz-viz Nifty has also turned negative. ADX is above 24 and trending and RSI also looks bearish. Scrip can be shorted once confirmed by good volume on the daily time frame for the target of RS 400...
Broken Bollinger band upper band
RSI > 60
ADX increasing
MACD Buy
Parallel down channel broken with volumes
Higher time frame weekly macd also showing Buy
Today Maruti Suzuki’s Chart indicates a Descending Triangle pattern. But it will take time to complete the formation and get results. I believe one should use ADX and trade when ADX value goes above 25 along with the breakdown of the trend…
If both of the conditions satisfy it will be a great trade believe me!
NSE:MARUTI
HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss.
Other indicators:-
Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe.
Trend= ADX's value is...
This counter held fort despite todays tragic fall across the board - ATH is the 1st Tgt & 6800+ is Pattern tgt on successful BO - Estimated 1 to 2 Months
Tortoise may go like a rabbit on upcoming days bcaz of all indicators are positive in Day, Weekly& Monthly chart. Weekly MACD crossover may happen on upcoming week. Price is coming out from ICHIMOKU cloud in daily chart. These parameters will helps to reach the targets. It can go above the target levels bcaz MACD crossover may happen in monthly chart
Monthly MACD crossover happened but the stock price not reacted and all my indicators are showing bullish on this stock. Daily MACD crossover also may happen on upcoming days. ADX trend is getting strong but price not moving much. It can shoot up on upcoming days. Price may move more than the target levels bcaz of the bullish signals in monthly chart....
Indicators are showing bullish signals on daily chart. Round bottom forming on weekly chart. Once stays above 209 levis on weekly closing basis, may expect further more upside.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
• Chart Analysis:- On Hourly TF of LAURUS LABS LTD we can see that stock is making a symmetrical triangle which is a bullish signal but as we know market is supreme so patterns may fail . According our analysis stock will fall to our expected targets. We can confirm from 3 Indicators.
o RSI on daily TF is in oversold range which is bearish signal
o On DMI DI-...
Daily MACD Crossover, Weekly ADX positive trend, and all other indicators showing positive signals. Monthly MACD crossover happened but still price not yet moved much upside. Monthly indicators also positive. It may shootup anytime but patience is important to hold.
Vijayaraghavan.K,
Kovilpatti,Tuticorin Dist.
Chart Analysis of ASTRON PAPER & BOA LTD.
• Chart Analysis- On the Hourly TF of Astron paper & BOA we can see that stock is moving in the uptrend channel Then making a Cup and Handle pattern which is bullish signal for the stock although we can see
Stock given breakout of handle but the breakout volume is very low .
so it is possibility of making a small cup...
Inverted head and shoulder pattern. Indicators are showing positive signals. Use every dips for the target. When looking fundamental, It can go more than that the above target level.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
As per pattern Round bottom and double bottom also. MACD crossover may happen on weekly chart. Dividend also coming Rs.2.5. These parameters may help to reach the target.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
