ADX
Godrej Industries- Short term view- BearishIndicators are looking weak and in monthly chart double top formed.. refer chart for other details.
Vijayaraghavan.k,
Chennai.
Nifty mid term view-BearishDay,week,Monthly charts are forming like a head and shoulder pattern. Indicators also looking weak at current levels. Targets are given for short to mid term.
K.Vijayaraghavan,
Kovilpatti.
Tata Chemicals- Short term view-BullishNSE:TATACHEM
CMP:720
1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Vijayaraghavan.K,
Kovilpatti
GSFC Short term view- Bullish1.Indicators are showing bullish signals.
2.Double bottom pattern formed and breakout done.
3.Weekly MACD crossover may happen on upcoming weeks(If weekly closing above 116,it may go further upside)
Vijayaraghavan.K,
Kovilpatti.
Jai Corp has broken out forming inverse head and shoulderNSE:JAICORPLTD Jai Corp has broken forming inverse head and shoulder so its a buy at cmp 109 with sl of 102 and target of 118-121-150+.
Karnataka bank Short term view-Bullish1.Daily MACD crossover may happen on upcoming days
2. Symm.triangle breakout done.
3.Weely indicators are slowly turning to bearish to bullish.
Ajantha pharma short&mid term view- BullishDaily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
Bank Nifty- Short term View- BullishWeekly Indicators are turning from bearish and showing bullish signals. So pls refer chart .. This is not a intraday/expiry call
Vijayaraghavan.K,
Kovilpatti.
Titan mid term view- BearishTitan slowly turning to bearish mode as per weekly indicators. One can go short with minimum stoploss levels at this price.
Vijayaraghavan.K,
Kovilpatti
ACC short term view- BearishIndicators showing weakness. It will reflect upcoming days.
Vijayaraghavan.K,
Kovilpatti.
Engineers India short term view- BearishAll indicators are turning to negative side slowly. Beak down also done.
Vijayaraghavan.K,
Kovilpatti.
India Cements short term view- BullishRefer chart. Indicators also slowly turns positive(ADX loosning negative bias,weekly MACD crossover,weekly CCI and others). Anyhow better to buy above 125. Refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
Ramco cements short term viewIndicators are showing short term reversal. Target and stoploss are given in chart. CMP:688.
Vijayaraghvan,
Kovilpatti.
MRPL short term viewRefer chart for target and stoploss. It is setting for reversal in weekly chart. Buy@ 80.85- 82.5
Vijayaraghavan.K,
Kovilpatti.
Muthoot Fin Short term viewMost of the time I given my views before breakout, by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout (on closing basis) and risky traders can buy from this level.
Daily MACD cut,Weekly MACD crossover, ADX loosening the negative bias,RSI and CCI are in positive mode helps to breakout and reach the target on coming days. One hour chart also favorable to enter at CMP.
Vijayaraghavan.K,
Kovilpatti.
RCOM: High risk-High rewardIndicators are showing bullish on upcoming weeks and months. Weekly and Monthly MACD crossover may happen coming weeks and months. Cant explain each and every indicator signals here. All are ready to go positive side. One can enter here for high reward with high risk.
Vijayaraghavan.K,
Kovilpatti.
HCL Technologies short term viewHcl Tech creating a superb chart on daily,weekly and monthly time frames. Indicators are positive. Can expect newer highs on coming weeks and months.
Short term target and stoploss shown in chart.
Vijayaraghavan.K
Kovilpatti.
PNB ADX AnalysisHey Everyone!
Here I will apply something known as Average Directional Index (ADX).
As we know, the ADX line indicates the strength of underlying trend, be it upwards or downwards. It is composed of two other lines, +DI(green) and the -DI(red) line.
It indicates, how strong or weak the buyers or sellers are.
Few traders use this to understand the reversal of a previous trend and the start of a new.
After 28th June, we have seen the ADX line changing its course after being above both the DI lines and fell below 40. This indicates that the previous trend(in PNB's case it was the downtrend) is at an end.
Personal prediction says that the ADX line will soon move above 20 and the uptrend shall start. But general idea is to initiate the trade after it crosses 20.
We have to understand one more point, that a longer time under 20 means the greater signification of the signal(buy or sell).
Another thing which can be seen here is the DI line crossover. here the +DI is above the -DI which indicates the the buyers are taking over the market.
This is my idea about the upcoming movements of PNB.
Cheers! Happy Trading!
SIEMENS (D)After witnessing the last quarter in a steady downtrend a positive divergence seen in mid December has produced a reversal in this counter and has seen the price rise steadily higher into the value zone around 1280. Momentum indicators shown on the charts are also in sync with the prices as the resistances are been challenged. The support lent by the median line is also proving to be a deciding factor in the trend that is currently emerging. A closing above 1285 could spur a sharp upside in this counter towards 1330 in the next few days. Can buy some here and on dips to 1250.
EXxXTREMELY bullish on AXIS bank will like to accumulate in range of 540-550 for targets of 580 , 595 , 603
