Chart is self explanatory.
APL Apollo has been trading in a channel pattern and is expected to continue this. Strong bounce from support and decreasing MACD divergence with key RSI level 40 kept further strengthens the conviction.
This is only for Educational Purposes and not a Trading/Financial advice.
Thank You ^_^
#HDFCBANK after breakout beginning of month it has retraced to resistance zone which could result in
change in polarity bounce in addition it now has bullish momentum reverse divergence as well both on daily
that could take it back to 1598 at least. remember both are not confirmed yet.
however make note that there is resistance up there at 1641 but that has...
Watch ACC for an trade oppurtunity.
Wait for bounce or breakdown, check the volume for confirmation.
Retrace would be a good entry.
Disclaimer : Sharing my ideas only for knowledge, please don't interpret as buy/sell/hold call. Do your analysis before any action !!
Nifty View: Some relief for the benchmark Nifty as it saved itself from a whitewash of all negative days this week. Today the index managed a smart bounce back to gain 0.2%% for the day to close at 15,741. The good aspect of this bounce back is the fact that it came from our anticipated zone of (15,650-15,700). Nothing to be too excited about right now as the...
NIFTYMETAL/NIFTY ratio chart is exhibiting retracement from its pullback from last highs. The ratio has shown successful retracement toward 0.318 Fib level and seems to have successfully bounced from that level. This is bullish development for the metal stocks in the coming weeks. We may see the price going back to the previous high and beyond.
Hello everyone, welcome to this quick update:-
As said closing is still pending in the tagged post. #Bitcoin dumped hard below its daily support and reached around $28,800. A couple of hours later, quickly moved up above its daily support. A huge amount of stop loss was triggered. Currently, #Bitcoin is trading around $34,000, approaching...
Nifty View: Benchmark index Nifty stretches itself up with today’s 52 points up move in today’s session. The state of heightened volatility continues as the index attempts to reclaim its underlying short term UP trend. We are now at a critical juncture as the index needs to deal with the immediate short term resistances of (15,750-15,800). The “Bulls” need a...
Thanks to no steps towards direct taxes and financial markets from the budget today morning, benchmark Nifty rejoiced with a sharp bounce back recovering a major part of the recent correction. Literally a vertical rise from the index if you take a look at the 75min chart. But it’s the sustainability of this rise which is now more important. We should not forget...
S&P500 CMP 3390
1. Taking support at trendline (Pink marked line)
2. A bounce may expected from here (till Blue marked line)
3. If this support gets broken a downfall may be
seen till 3230 (green marked line)
Note : This idea is only for educational purpose.
Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame
you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit.
If a bounce came from here and...