After five bearish trading sessions adani port has shown buying interest and after going down to 357, the stock came up to 366 which is a strong come back which may lead the stock to go upto 385 in two, three sessions. The RSI indicator has also made bullish divergence on the charts and stochastics crossover has also made it a good buy ith a stop loss of 357.
BTC is not in the clear yet until we have confirmation of volume. There is still downward potential with Bitcoin with targets as low as the $3,250 area. Before that would be the downward targets of $5,874, and $5,500. BTC could be making a Descending triangle, the target for this would equate to past support which is around $3,250. So if we continue bearish ...
TORNTPHAI Torrent Pharma consequently gained 3% on NSE today with 4 times its average volumes, although NIFTY itself lost 40 Points today.
Considering the greater volumes on the counter with prices above Ichimoku KUMO, TORRENT pharma is a great buy around 1448 with Stop-loss of 1430 and Target of 1548.NSE:TORNTPHARM
RSI, Stoch, and William %R improving from oversold.
Price closing above all EMAs, EMA Crossovers
Social Sentiment is positive with people strongly believing in this stock. Most have been holding the position for a long time, and feel sad about how despite all the good fundamentals the stock is stuck in a range.
Having said that, there is not much resistance ...
MCX has gained 5% of NSE with thrice its average volumes Kijung and Tanken above ichimoku cloud and stock trading above all of these with positive bias. Seems to be heading towards 895.
Buy MCX on NSE around 833 with Stop-loss of 797 and Target of 895
JUSTDIAL has extraordinarily beaten expectations with 20% rise in current trading session on volumes close to 5.30% of its average traded volumes. Above Ichimoku Kumo cloud, BB, TCFL, TCBM signalling a huge buying interest in the stock. Buy at 609 with SL of 580 and Target of 739. ----OR---- Buy little quantity at 609 and wait for stock to correct to 580 and buy ...
Please note that these stocks in no way are meant for immediate buying.
Instead, it's my shortlist for this week - where the stocks are in trade action zones. And could prove to be best buys if entry signals received.
However, the price may also go in the reverse direction.
I would hence be looking for entry confirmations like Breakouts, Ema Cross, RSI/MACD ...
The stock is in strong uptrend taking support at EMA 65 and RSI taking support above 40.
Ichimoku shows positive setup with Chikou in open space, positive future Kumo with rising Senkou span A.
While both Tenkan and Kijou Sen are rising with T.S. above K.S. The stock closed above T.S. yesterday.
We had an EMA-5, EMA-13 cross yesterday. Allowing me to jump into ...
The stock had a Tenkan Sen/Kijun Sen crossover recently on May 18th.
Chikou span is in open space. With both Tenkan Sen, Kijun Sen, as well as Future Kumu, rising.
It was stuck inside Kumo on weekly chart but had a breakout today closing about 92 pips above the weekly Kumo.
Chikou on the weekly chart is in open space too but may hit the price bars soon if it ...
