Ascending Triangle formation on Grasim. price may break above the support line and MACD showing bullish crossover on bullish trend. Trade: Buy above - 1101 Target 1 - 1112 Target 2 - 1124 Stop loss - 1188
Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.
It is been observed that the price action is resting at strong support zone where we could see a strong buying coming in coming trading sessions. At current price levels, we could see a good rally up . Technically, MACD indicator is also reaching to oversold area which is another sign of a pull back. Target 1: 350 Stoploss: 330
buy around 86.3 sl 84 target1 87.75 target 89.45 target3 91.90 We are not Registered with SEBI, Under RA Regulations. All Calls/Views posted here are for an Educational Purpose Only. Do your Own Analysis
perking setup buy above 750 with sl 725 Target 825, 925
Stock giving Range (Box) Breakout. Use every declines to form long positions.
Stock giving breakout with good volumes. Also, RSI & MACD are in buy mode.
Stock is in verge of a falling Channel breakout. Also, MACD is in buy mode.
Flag Pattern Breakout with Good Volumes. Also, a buy signal by MACD.
Momentum is great.. breaking new level. SL 12 Trail SL.
its almost 9 years consolidation. possible breakout. good to get long before at 28 SL 23 exit on your experience.
investment grade stock. buy Range 14- 17 with Sl 12
stock momo is looks great. waiting for breakout.
Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
OI Analysis: Price - UP Volume - UP ( last 2 hrs ) OI - UP (+17%) Market - (let see on 23/12/2016 - if nifty positive then will hit the targets) Conclusion - Bullish Strong Support - 1111 ( 3 rd times bounce from this support level ) MACD - Bullish crossover on bearish trend (below 0 level) but histogram likely to move above 0 level, its...
An inversely related stock price action to index has witnessed a strong rally of ~40% since March 2016. After a small pause (consolidation), the price are showing sign of breakout. Looking at the RSI (Relative Strength Index), the breakout from falling trendline and bullish crossover on MACD indicates price is ready for the rally towards 460-500.