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Bearish Cypher

KOTAKBANK: A Bearish Trend " TECHNICAL ANALYSIS OF NSE:KOTAKBANK The LAST CLOSE PRICE of NSE:KOTAKBANK is 1733 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 1733.05. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1773.43 with RESISTANCE 1 and RESISTANCE 2 at 1716.55 and 1685.05 respectively. The Key 50% FIBONACCI LEVEL stands at 1756.47 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 0.72 and 0.72 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at -9.75 and 26.01 at -3.79 along with HISTOGRAM showing values of -5.97, the STATUS is clearly DOWNWARDS. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -2.79 and -2.51 with TREND CHANGED TO SELL as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.8666 the STATUS is OVER SOLD. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 34.35 which signifies its Price Level to be TOO EXPENSIVE. >>> RECOMMENDATION is : SELL ." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:KOTAKBANKShort
by finogent
India cement heading southward ?Bearish Cypher Harmonic Pattern has been formed in the daily chart of India cement, which is highly reliable. It is neither end of uptrend nor start of downtrend, but as per the completion of Cypher harmonic pattern, Price may fall upto 0.618 retracement of CD leg. Hence first target would be 0.382retracement of CD leg i.e 100.65 and next target would be 0.618 retracement of CD leg i.e 90.75. Disclaimer: This is for education purpose only
NSE:INDIACEMShort
by nirmalmishra
1
SBI : That Potential Cypher...In SBI, we have perfect-potential cypher formation if all goes as expected we will be getting reversal around the 305's zone to downside. RSI also looks bit oversold but on cypher completion it may go well above current levels. Aggressive traders can enter Right on touch of 305's zone Conservative traders look for additional setups in the zone or an reversal before entering ! Moreover Trade only if you have traded harmonics earlier, if No, its not at all a problem, Look for other simple setups in the same zone in SBI. As we usually say, all strategy's are good as long as it's followed with discipline, there is no need of complex ones.
NSE:SBIN
by InsiderB
1